Obama Considering Bank Tax

January 14. 2010

Video: Obama Wants to Tax Big Banks - CBS

U.S. President Barack Obama is considering levying a tax on American banks and those doing business in the country, to raise funds as a vehicle to recoup bailout money.

Any decent revenue obtained in an appropriate manner would certainly help the nation's coffers. The banks should give back for all they've received from the taxpayer. However, banks are already "eying possible ways around it."

Story Source: Banks, experts eye possible ways around Obama fee