Since a bank levy has been mooted as one way in which the state (or NAMA) could recoup losses (glass half full outlook)...
Can someone give a background on the previously introduced bank levy (which I understand was removed again some years ago)?
I ask because a very entrenched Bank shareholder in his own language told me , as part of his argument to defend NAMA, that the state had previously raided the banks particularly in the case of the levy.
As Joe Citizen with much less acute financial awareness at the time I guess that levy came and went and passed me by. What was its context and what sort of lobbying was done to remove it ?
Can someone give a background on the previously introduced bank levy (which I understand was removed again some years ago)?
I ask because a very entrenched Bank shareholder in his own language told me , as part of his argument to defend NAMA, that the state had previously raided the banks particularly in the case of the levy.
As Joe Citizen with much less acute financial awareness at the time I guess that levy came and went and passed me by. What was its context and what sort of lobbying was done to remove it ?