The Obama administration is considering imposing a fee on banks to help recover some of taxpayers' costs of bailing banks out from the financial crisis, according to multiple reports on Monday.
The White House said President Barack Obama wants to ensure that taxpayers are paid in full. "That's the president's goal," White House spokesman Robert Gibbs told reporters. He declined to provide details on how that might be done.
Um, we were paid in full with interest on the bailout funds. But this fee will just be passed right along to depositors and borrowers in the form of a government surcharge without impacting the banks bottom lines in the slightest. This is just like the "windfall profits tax" that they tried to stick to oil companies. You can tell these guys have never actually run a business that had to turn a profit.
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