{"id":4996,"date":"2010-04-01T17:22:19","date_gmt":"2010-04-01T22:22:19","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=4996"},"modified":"2011-01-20T14:46:04","modified_gmt":"2011-01-20T19:46:04","slug":"nations-consider-bank-taxes","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/04\/01\/nations-consider-bank-taxes\/","title":{"rendered":"Nations consider bank taxes"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignright size-thumbnail wp-image-4997\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/04\/coins-150x150.gif\" alt=\"coins\" width=\"120\" height=\"120\" srcset=\"https:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/04\/coins-150x150.gif 150w, https:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/04\/coins.gif 200w\" sizes=\"(max-width: 120px) 100vw, 120px\" \/>Germany is moving to adopt a new <a title=\"bank tax\" href=\"http:\/\/www.nytimes.com\/2010\/04\/01\/business\/global\/01gbanks.html?dbk\" target=\"_blank\">bank tax <\/a>to cover the cost of possible future bailouts, and France is considering the same thing.\u00a0 Former Deputy Comptroller of the Currency <a title=\"Robert Bench\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/about_us\/documents\/benchbio.pdf\" target=\"_blank\">Robert Bench<\/a>, now a senior fellow at the BU Law School&#8217;s <a title=\"Morin Center for Banking and Financial Law\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/\" target=\"_blank\">Morin Center for Banking and Financial Law<\/a>, says perhaps the best way to protect the taxpayer against troubled financial companies is to keep the institutions out of trouble in the first place.<\/p>\n<p><em>&#8220;Rather than tapping financial firms to create a government fund which always will be inadequate, perhaps require financial companies to put away significantly more of their earnings into \u2018prudential reserves,\u2019 making the institutions \u2018too safe to fail.\u2019&#8221;<\/em><\/p>\n<p>Contact Robert Bench, 617-353-5428, <a href=\"mailto:bobbench@bu.edu\">bobbench@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany is moving to adopt a new bank tax to cover the cost of possible future bailouts, and France is considering the same thing.\u00a0 Former Deputy Comptroller of the Currency Robert Bench, now a senior fellow at the BU Law School&#8217;s Morin Center for Banking and Financial Law, says perhaps the best way to protect [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[742,2594,3996,559],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4996"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=4996"}],"version-history":[{"count":5,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4996\/revisions"}],"predecessor-version":[{"id":7812,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4996\/revisions\/7812"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=4996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=4996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=4996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}