January 14. 2010
Obama wants banks to pay for auto bailout losses
David Shepardson / Detroit News Washington Bureau
http://detnews.com/article/20100114/NATION/1140433
http://wheels.blogs.nytimes.com/2010/01/11/a-spot-of-tea-vs-a-plea-for-m...
The White House wants the nation's largest financial institutions to repay taxpayers for the costs of bailing out banks and automakers.
Under the proposal, the largest 50 banks -- including GMAC Inc. -- would pay $90 billion over 10 years to cover taxpayer losses under the $700 billion Troubled Asset Relief Program.
