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Pelosi praises proposed financial firm fee

WASHINGTON | Thu Jan 14, 2010 2:27pm EST

WASHINGTON Jan 14 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi on Thursday said that President Barack Obama's proposal to levy fees on bailed-out financial firms will help ensure that taxpayers recoup their money.

In a statement, Pelosi also said the fee would "help discourge Wall Street from taking excessive risks at the expense of Main Street."

(Reporting by Richard Cowan, editing by Vicki Allen)