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Fox News inflates Obama bank fee by factor of 100

Fox News seems to have trouble with numbers, at least when they have to do with global warming or President Barack Obama. Today, Fox & Friends falsely claimed that Obama proposed a 15 percent tax on banks in an effort to recoup taxpayer funds shelled out to prop up consumer…

Wall Street’s payout for 2009: $145 billion

Banks poised to start fearmongering campaign about Obama’s bailout fee If you still needed statistical proof that the folks on Wall Street have become entirely detached from reality in the wake of the massive taxpayer-funded bailout of their colossal mistakes, here it is. The 38 largest financial institutions on Wall…

‘We want our money back,’ Obama tells banks

President Barack Obama’s message to banks on Thursday was simple. “We want our money back,” he said, during “a brief appearance with advisers at the White House,” the Associated Press reports. “We are already hearing a hue and cry from Wall Street, suggesting that this proposed fee is not only…

Obama mulls ‘fee on banks’ to recoup bailout costs: reports

The Obama administration will “likely” propose a new fee or tax on banks in the federal budget to be tabled in February, several news sources reported Monday. The fee, which will be music to the ears of critics who opposed Washington’s $700-billion taxpayer-funded bailout of major investment banks and insurers…

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