Ely Says Obama Fee Would Hurt U.S. Bank Competitiveness: Video
Jan. 14 (Bloomberg) -- Bert Ely, chief executive officer of bank consulting firm Ely & Co., talks with Bloomberg's Matt Miller and Carol Massar about the Obama administration's plan to levy a fee on as many as 50 large financial firms. Obama says the levy is aimed at getting back "every single dime" that taxpayers put in to bailing out those companies. (Source: Bloomberg)
Bert Ely, chief executive officer of bank consulting firm Ely & Co., talks with Bloomberg's Matt Miller and Carol Massar about the Obama administration's plan to levy a fee on as many as 50 large financial firms.
Obama says the levy is aimed at getting back "every single dime" that taxpayers put in to bailing out those companies. (Source: Bloomberg)
00:00 "Serious negative effect" on competitiveness 01:26 Impact on consumers; prospects for approval 03:08 Bank compensation; "political grandstanding"
Running time 04:37
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