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Monday, January 11, 2010

Obama Wants To Impose More Fees/Taxes on Banks

In Obama's endless pursuit to tax everything, he wants to raise fees on banks as payment for the "bank bailout."

As usual from Obama, this is a load of garbage. All but a handful of banks needed any government TARP funds - many objected to taking the funds. And the majority of the TARP funds from commercial banks have already been repaid, making the government a tidy profit.

The major place where taxpayers lost TARP funds are the autos because Obama wanted to give his UAW friends a gift and AIG, which Spitzer helped destroy. Maybe someone should explain to Obama what a bank does.