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Loan Modification

: Mortgage Lender Implode-o-Meter

Senators Propose 50% Bonus Tax on Big TARP Recipients

By Implode-Explode Heavy Industries

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"Hhhm. Even though the UK 50% bonus ?supertax? was deemed to be a bit of a failure (the banks just grossed up bonuses to compensate for the levy), Senators Barbara Boxer and James Webb have proposed a similar measure, and one wonders how it might fend off the sort of gaming that plagued the UK effort."

Full post as published by Mortgage Lender Implode-o-Meter on February 05, 2010 (boomark / email).

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