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Obama plan

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The Obama banking plan explained

By ⋅ 5 February, 2010 ⋅ Post a comment

US President Barack Obama recently announced perhaps his most controversial and populist action; new taxes on banks and restrictions on proprietary trading. This new phase stems not from a crisis in banks, but the opposite; a quick rebound of global banking profits. This has precipitated a new problem for banks; a political problem based on [...]

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