Legendary investor Warren Buffett today came out against the Obama administration's plan to tax major banks to recoup losses from the government's Troubled Asset Relief Program.
Last week, the administration unveiled a plan to levy what the government calls a financial crisis responsibility fee on roughly 50 banks with assets of $50 billion or more. The goal is to raise at least $90 billion over the next 10 years. The tax is based on banks' size and their liabilities.
In an interview with ABC...Full Story