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Banks Brace for Bailout Fee [WSJ]

Tuesday, January 12, 2010 - 1:36 PM
From the WSJ:
The Obama administration is aiming to hit banks with a fee to recoup losses associated with the government's bailout of financial firms and the auto industry, administration officials say.
The question is how much will the banks just pass on the costs to the consumers with higher fees, higher loan rates and lower deposit rates. According to the article, at least the community banks would likely be spared from the new fees.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600