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“Timothy F. Geithner, the Treasury secretary, urged Congress on Tuesday to impose a 10-year, $90 billion tax on the largest financial institutions to recoup the costs of the 2008 bailouts. But he faced skeptical questions from lawmakers on the structure and purpose of the fee.” (New York Times, Wednesday)

Misdirection.

FEE Timely Classic
“Banking Before the Federal Reserve: The U.S. and Canada Compared” by Donald R. Wells