BANZAI7 NEWS--The leaders of Britain and France are embracing a one-time tax on fat bonuses paid by bailed-out banks — a restriction that goes far beyond what's being considered in the United States (Nothing).
The US banking industry argues that bonus taxes and other restrictions could cause its most talented employees to defect to banks in other countries that don't limit pay.
Which is all fantastic news for Monrovia, Liberia, the global financial capital of the future.
Remember, tankers full of bankers.
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