Having the financial industry pay for tarp was part of the passage of tarp.

Reader comment on: Geithner in the Washington Post

Submitted by Lyle (United States), Apr 13, 2010 16:54

As usual the good get punished along with the bad, but that may make those who behaved well more willing to not do business with the bad actors in the future. In particular I believe the transaction tax would make a lot of sense, at say 10 basis points. It would reduce useless volume and churning, perhaps go to 20 bp on derivates as they are just gambling, and 100 bp on uncovered cds.

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