Obama Plans to Raise $120 Billion From Banking Fees, Refund TARP

by Benjamin Domenech on 1:45 pm January 12, 2010

“Obama plans to raise as much as $120 billion through a fee on financial institutions to help recoup losses from the Troubled Asset Relief Program and reduce the deficit, according to an administration official… The proposed fee revenue is almost three times what analysts expect the 10 biggest U.S. banks earned in 2009.”

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