Topic: Damon Silvers
Republicans reject any new taxes. Liberals say they'll fight any changes to Social Security and other entitlement programs. Does the Obama administration have any room to maneuver?
Ever since the U.S. financial crash of 2008 and the beginnings of the pending Euro-zone financial collapse, governments have been debating whether securities transactions should be subject to a new tax. Such a levy would discourage bad behavior in the financial markets, but it could have dire unintended consequences.
Concerns are rising that faulty mortgage paperwork may spawn a boom in lawsuits against big banks. For now, a second financial crisis seems unlikely – but not impossible.
10/28/2010 09:06 pm