"What Geithner said was, 'we're not in favour of a day-to-day tax.' That day-to-day tax is effectively something akin to a Tobin tax," Mr Strauss-Kahn said. "But he did not shut the door on tax, no more so than (US President Barack) Mr Obama in Pittsburgh, to a contribution from the financial sector towards the risks it generates, but which is not a day-to-day tax." Mr Strauss-Kahn said regulators and governments were now working on two fronts: tougher regulation of banks to prevent future crises, and the levy to fund future bank bailouts if needed, which would limit the cost to taxpayers. Full Article at Irish Times