Treasury Nominee Revives The Idea Of Taxing The Nation’s Biggest Banks

Treasury Nominee Revives The Idea Of Taxing The Nation’s Biggest Banks: During a mostly uneventful confirmation hearing today, Jack Lew, President Obama’s nominee for Treasury Secretary, revived the idea of implementing a Financial Crisis Responsibility Fee. The fee, meant to be applied to the nation’s biggest banks for their role in the 2008 financial crisis, was proposed by the administration in 2010, but went nowhere. During [...]/p