January 14, 2010 at 10:15 AM EST
Obama Wants to Bill the Biggest Banks for $90 Billion
President Barack Obama wants the big banks that caused the financial crisis to make reparations. He's proposing that they pay about $90 billion over 10 years though a mechanism he's calling the "Financial Crisis Responsibility Fee." The president will present the full details of the proposed tax at the White House today, according to reports in both the Wall Street Journal and Bloomberg . Continue reading Obama Wants to Bill the Biggest Banks for $90 Billion Obama Wants to Bill the Biggest Banks for $90 Billion originally appeared on DailyFinance on Thu, 14 Jan 2010 10:15:00. Filed Under: Company News , Economy , Investing , JP Morgan Chase , Goldman Sachs , Morgan Stanley , Bank of America , Citigroup , Wells Fargo & Co. Permalink | Tweet this! | Comments
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