HIGHLIGHTS - Comments from G20 finmins, c.bankers meeting
ST ANDREWS, Scotland (Reuters) - Following are comments on Saturday from Group of 20 finance ministers, central bank policymakers and officials meeting in Scotland.
To see communique from the meeting, click on:
U.S. TREASURY SECRETARY TIMOTHY GEITHNER
On bank tax:
"A day-by-day financial transaction tax is not something we are prepared to support."
"This idea (of a bank transaction tax) has been around for a long time ... I think frankly the experiences are mixed."
"In the U.S. we have some specific proposals for the future in which if the government acts to protect the economy from losses (caused by financial institutions) the government losses could be recouped via a tax. That reduces the risk of moral hazard and ensures pension funds don't bear the losses. We look forward to working with our counterparts on this." Continued...
PLAYBOY SALE
An icon bows to changing times
With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech. Full Article
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