President Obama Proposes a Bank Fee Equal to 20 Percent of Goldman's Annual Bonus Pool

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Tuesday, 15 February 2011 06:14

The Washington Post noted that President Obama's budget called for a $30 billion bank fee to recoup losses from the TARP. It would have been helpful to give readers some context for this number.

It would raise approximately $3 billion a year, this is less than one-fifth the size of the $17.5 billion bonus pool at Goldman Sachs in 2010.