DAVOS-Soros says Obama bank levy premature, backs other plans

DAVOS, Switzerland | Wed Jan 27, 2010 10:12am EST

DAVOS, Switzerland Jan 27 (Reuters) - Billionaire financier George Soros said on Wednesday U.S. President Barack Obama's plan to impose a tax on large banks was premature and his wider proposals to rein in banks' activities may not go far enough.

"To tax the banks when they are doing everything they can to get out of a hole is the exact opposite of the policy you are

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Comments (139)
O2BNTEXAS wrote:
“The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the presidency. It will be easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails us. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president.”

Jan 27, 2010 10:51am EST  --  Report as abuse
RightStuff wrote:
“If without violence the tyrant is simply not obeyed, he becomes naked and undone and as nothing.” -Etienne de la Boetie

“The best way to drive out the devil, if he will not yield to texts of Scripture, is to jeer and flout him, for he cannot bear scorn.” —Martin Luther

Jan 27, 2010 11:11am EST  --  Report as abuse
prettyslick wrote:
02NTEXAS could not be more astute in his observation of obama and the people who did not do a mille-smitch of research of his background.

Jan 27, 2010 11:13am EST  --  Report as abuse
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