Wall Street voices disbelief, resignation about proposed fee:

01/12/2010 | Financial Times (tiered subscription model)

Bankers, analysts and other market participants are reacting with disbelief to the Obama administration's plan to levy a fee on banks to recoup losses from the Troubled Asset Relief Program. Many noted that JPMorgan Chase, Goldman Sachs, Bank of America and other financial institutions have repaid the government. "Despite the fact that the banks have generated no large losses for government they are constantly accused of flittering away 'taxpayer money,' " wrote Rochdale Securities analyst Richard Bove.

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