Sunday, 17 January 2010

Weekly Address 16.Jan.2010

President Obama explains the bank fees he is pushing through to be applied to the largest financial firms that benefited from the TARP program and whose continued existence is largely a function of the massive assistance granted to it by the Treasury and Federal Reserve and ultimately the US taxpayers. This fee will complete the recovery of all of the 750B$ of TARP funds + interest over a period of 10 years and in my opinion if clearly sensible and entirely justified.

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