Obama may use bank tax to recoup bailout

Full Story at money.cnn.com

New York (CNNMoney.com) — The White House is considering a tax on financial institutions to ensure that taxpayers who bailed out banks get paid back, a senior administration official said Monday.

The law that created the $700 billion Troubled Asset Relief Program empowered the president to ask Congress to recoup money if bailouts were not paid back in full.

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