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IPFS News Link • Economy - Economics USA

Obama to propose bank fees to recoup bailout funds

• Reuters
Banks that have already repaid TARP capital will not be spared the fee, and nor will firms that got no TARP money to start with, but nevertheless benefited from the stability it brought to the U.S. economy. President Barack Obama will propose a fee on Thursday to recoup from the country's top financial institutions up to $117 billion lost on a taxpayer bank bailout fund, a senior administration official said.

1 Comments in Response to

Comment by Powell Gammill
Entered on:

Twelve cents on the dollar and we will fine (rob) even banks that refused to take our bailout money (even if it was not offered). 

Gotta luv da Chicago way.