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