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| Permalink View Article Stats (1 comment) Treasury gives banks multi-billion tax break windfall Quicklink submitted by Rady Ananda (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| Some of the nation's biggest banks are in for a windfall on top of the $700 billion government bailout thanks to a new tax policy quietly issued by the Treasury Department. The notice gives big tax breaks to companies that acquire struggling banks hit hard by the mortgage crisis. In some cases, the tax breaks could exceed the cost of acquiring the banks, according to analyses by private tax experts. |
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by Rady Ananda on Friday, Nov 14, 2008 at 4:45:50 PM