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Old 06-12-2009, 07:01 AM
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Kerry Kerry is offline
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Default Re: Obama to crack down on tax havens

Here is the problem the "profit" causes and it is the reason we shouldn't have started down this road. The government stands to make about $4 to $5 billion off the deal. That is $4 to $5 billion those companies could have used elsewhere like to re-hire employees or loan. It is also kind of like a shark smelling blood in the water. Now that some people who think the government ought to be more involved in business has gotten a taste of private sector profits they are going to want more. Keep in mind that the banks repaying the money never used it, which is why they have it ready to repay.
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