Obama to raise $90B with bank fee
As the government looks set to reap a windfall from the bailout, the Obama Administration may be after more... A report from The Hill: President Barack Obama intends to raise $90 billion over the next decade through a special fee on the largest financial firms. The administration is proposing the fee on the largest firms, not all of which received direct emergency money, to make up the losses on the government’s bailout efforts during the financial crisis. “The fee that is put forward here is in many ways a minimum of what is owed back for the significant costs that are borne by the taxpayers,” a senior administration official told reporters on Wednesday night. The administration is calling the new policy a "financial crisis responsibility fee."