Top Interest Rate Headlines 02-13-12: Barack Obama Proposes U.S. Budget To Raise Taxes On The Wealthy

Barack Obama Proposes U.S. Budget To Raise Taxes On The Wealthy
The Telegraph
President Barack Obama has set out his stall for re-election, unveiling a proposed budget for the start of his second term that called for $1.5 trillion (£950 billion) in tax hikes on the richest Americans.

China says Europe debt crisis is now 'critical'
AFP via Yahoo! News
Europe's debt crisis has reached a "critical juncture", Beijing said on Monday, a day ahead of talks between Chinese leaders and European Union officials.
http://jlne.ws/zZjahn

Bankers arrested in UK tax fraud probe
By Daniel Schäfer in London - Financial Times
Tax authorities have arrested a number of investment bankers at Royal Bank of Scotland and other banks in an inquiry into alleged fraud.
http://jlne.ws/xZe6wd

Draghi's $158 Billion Free Lunch to Boost European Bank Profits
BusinessWeek
Banks are benefiting from a European Central Bank subsidy that could reach 120 billion euros ($158 billion), enough to pay every bonus at financial firms in London for the next 24 years at today's levels.
http://jlne.ws/wyqiAR

Georges Ugeux: Is the European Central Bank Playing With Fire?
The Huffington Post
Never in the history has so much money been poured in the direction of banks, most of which don't need it. It is becoming clear that European banks will use it, not to boost the economy, but to manage their balance sheet.
http://jlne.ws/xPlE3l