President Barack Obama announces a new fee on big banks to recover up to $120 billion in taxpayers' money used to prop up corporations during the economic crisis, Thursday, Jan. 14, 2010, at the White House in Washington. From left are, Council of Economic Advisers Chair Christina Romer, Treasury Secretary Timothy Geithner, National Economic Council Director Larry Summers, and Budget Director Peter Orszag.
January 14, 2010 11:55:42 AM PST
By JIM KUHNHENN
WASHINGTON - January 14, 2010 --
President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. "We want our money back," he said.