President Barack Obama said that Wall Street $ 117bn (72bn attack has to
pay) for the taxpayers and banks making huge profits and obscene bonuses.
The fee is for the money of the taxpayers of the United States is
expecting to lose to save the banks during the financial crisis.
My commitment is to recover every penny, if the American people, said the
President.
The action follows public anger at banks, as responsible for the emergence
of the recent economic crisis.
My commitment to achieving this goal is only increased when I reports of
huge profits and obscene bonuses for the same company can see that owe
their existence, the American people, the president said.
He said the goal was not to punish the Wall Street firms, but the abuses
and excesses of recurring end.
Michelle Fleury, the BBC said the president had made clear in strong
terms that the banks to pay the taxpayers, through a so-called total
financial responsibility for the crisis.
Maybe in some way to appease the anger of average Americans, says our
correspondent.
The tax would fund only for companies with assets of more than 50 billion
U.S. dollars.
We need about 50 of these institutions - even though many do not accept
support for taxpayers and many others have already paid back the
government.
BBC business editor Robert Peston said that the cost could be passed on to
bank customers.
Would increase the cost of borrowing for companies to raise from these
banks, he said.
It could also potentially provide a one-off ‘compression of the American
economy.
In the United States, analysts said that the rate charged to banks spread
over ten years could reduce its impact.
It takes a little sand in the gears, said Robert Albertson, chief
strategist at Sandler O’Neill in New York.
Said this is a little more drag on the sector, but more than 10 years, if
not so uniform. It is the theft of bank balance sheets. The White House
economic adviser, Lawrence Summers, the proposed fee has been structured
in order to provide financial incentives for companies to avoid excessive
debt.
The sentence comes before the latest reporting season on Wall Street,
banks should report premiums record.
The fee is to recover some losses by a fee of $ 700 billion taxpayer-
American banks such as the Troubled Assets Relief Program (TARP) known.
It was in the middle of the 2008 financial crisis after the collapse of
U.S. investment bank Lehman Brothers and developed multi-billion dollar
rescue of insurance giant American International Group (AIG).
It has to contain the crisis, which by state capital in major U.S. banks
and the confidence in the banking system.