(Washington, DC)  -- In an effort to recoup more than 90-billion dollars in federal bailout money, President Obama unveiled a plan to impose fees on the nation’s largest banks  The President’s announcement follows last month’s U.S. House passage of legislation authored by Congressman Gary Peters of Michigan,  that called for similar action. Peters says that this legislation makes sure that American taxpayers will not lose any money as a result of government loans to large banks and other TARP recipient institutions.  Peters says that, quote, “as large banks return to health there is no reason why taxpayers should pay to clean up Wall Street’s mess.” 

-Metro Source