I think the investing public knows that whatever level the levy starts at, like all taxes it can simply be raised at any time the government needs more money. Its that fear, not the amount, that is the problem.
And in any event why are we paying bank CEOs $10m and more in annual salary, and at the same time talking about insurance against bank failure?
They justify their extreme salaries by saying that big money is necessary to attract the best. So if we are now required to pay a security levy, there will be no need for bank execs to receive such obscene salaries.
