{"id":21297,"date":"2011-03-18T07:51:40","date_gmt":"2011-03-18T11:51:40","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21297"},"modified":"2011-03-18T07:51:40","modified_gmt":"2011-03-18T11:51:40","slug":"frank-proposes-2-5-billion-levy-on-largest-banks-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2011\/frank-proposes-2-5-billion-levy-on-largest-banks-hedge-funds.html","title":{"rendered":"Frank Proposes $2.5 Billion Levy on Largest Banks, Hedge Funds"},"content":{"rendered":"<p>Bloomberg &#8211; U.S. House Democrats are looking to JPMorgan Chase &amp; Co., Goldman Sachs Group Inc. and Bank of America Corp. to pick up the tab for housing programs targeted by Republican budget cuts.<\/p>\n<p>Representative Barney Frank of Massachusetts, the top Democrat on the Financial Services Committee, introduced a measure today that would impose a $2.5 billion levy on financial firms with more than $50 billion in assets and hedge fund managers with more than $10 billion in assets. The money would be collected through risk-based assessments.<\/p>\n<p><strong><a href=\"http:\/\/www.businessweek.com\/news\/2011-03-17\/frank-proposes-2-5-billion-levy-on-largest-banks-hedge-funds.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; U.S. House Democrats are looking to JPMorgan Chase &amp; Co., Goldman Sachs Group Inc. and Bank of America Corp. to pick up the tab for housing programs targeted by Republican budget cuts. Representative Barney Frank of Massachusetts, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21297","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=21297"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21297\/revisions"}],"predecessor-version":[{"id":21298,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21297\/revisions\/21298"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}