Gov. Frank Keating: Camp's 'Too Big to Fail' Tax is Not a Good Idea - Presented by: The Aol. On Network

Republican Rep. Dave Camp's plan to raise taxes on financial institutions with more than $500 billion in assets is a bad idea because it will negatively impact lending ability, says Gov. Frank Keating, CEO of the American Bankers Association. Banks are also unfairly footing the bill for losses related to credit card breaches at retailers like Target, says Keating. Finally, Keating says JPMorgan CEO Jamie Dimon should be paid accordingly if his bank outperforms, despite recent criticism.



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