to bill wall street for last year s bailouts. cnn s christine romans joins me now to break down the plan. christine, good morning to you. good morning. good morning. what will he be saying today? what can we expect? he s speaking right now to the senate finance committee and he s reiterating to them the obama administration s proposal that taxpayers not be on the hook for any of that so-called t.a.r.p. money that s still left over to be paid. any of those costs that it is the very people who caused the crisis who should have to pay for the crisis and that s the financial secretary the financial sector. $205 billion has been repaid to taxpayers from the bailout money, but there s still a big chunk of money that is expected to be an overall loss. so what the administration is doing it wants to propose what s called a financial crisis responsibility fee. the bailout tax, as it is known. it would last at least ten years and raise up to $90 billion. any company with over $50 billion
taxpayers should bear the burden of repaying bailout costs. he testified a so-called financial crisis responsibility fee would target banks that engage in risky behavior and were eligible for emergency assistance programs but stressed the fees wouldn t be a substitute for the financial reform proposals being debated in congress. wolf? lisa, thank you. we ll get back to the breaking news. today s court appearance canceled for the times square bomb plot suspect. he won t appear apparently tomorrow either. details of this new twist in the breaking news. and we re learning the suspect was questioned before he was read his rights. so what does that mean? our senior legal analyst jeffrey toobin is standing by. with 4g from sprint, i can download files up to 10x faster than 3g. outside. i can stream the movie airplane to my cell phone. at the airport.