My Way News - AP source: Obama seeking tax on biggest banks

While I am all for safeguards...does anyone up there understand how this would impact Small Business lending - thus..."Job Creation"...or in the Obamanomics lexicon..."Jobs saved or Jobs created"...?

My Way News - AP source: Obama seeking tax on biggest banks:

WASHINGTON (AP) - Mindful of soaring deficits and an anti-Wall Street mood, President Barack Obama wants a new 10-year tax on the country's largest banks to cover a projected $117 billion shortfall in the government's financial crisis bailout fund.

The president planned to propose Thursday a levy of 15 basis points, or 0.15 percent, on the liabilities of large financial institutions to make sure every dollar spent from the $700 billion Troubled Asset Relief Program to rescue Wall Street firms, auto companies and mortgage holders is either repaid or paid for. Congress would have to approve the tax."