SAN FRANCISCO (MarketWatch) -- President Barack Obama's proposal to levy at least $90 billion in fees on banks is riling the industry as analysts estimate which companies may be hit the hardest. One analyst called the fees "onerous," especially for firms focused on capital markets like Goldman Sachs Group Inc and Morgan Stanley. Another compared the plan to the policies of Venezuelan President Hugo Chavez. ... "In the tradition of Hugo Chavez, The Wall Street Journal indicates that the Obama administration wants to tax the rich and dishonest bankers to pay for the problems throughout the American economy -- notably, at the moment, the losses in the automobile industry," Richard Bove, an analyst at Rochdale Securities, wrote in a note Friday. He noted that the big U.S. automakers had finance units that became major competitors to banks during the credit boom of the previous decade. GMAC, the finance arm of GM, branched out beyond car loans to become a major player in the subprime-mortgage market, according to Bove. "Even though the auto companies might have been accused of being greater offenders in creating the financial crisis than the banks, the banks are labeled villains and must be taxed to pay the funds used to bail out their competitors," he wrote. "This is pure Chavez reasoning." Mike O'Rourke, chief market strategist at brokerage firm BTIG, said the government wants to charge TARP participants from whom it already has made profits to help recoup losses on other, more financially troubled TARP recipients. http://www.marketwatch.com/story/proposed-bank-fee-riles-as-industry-assesses-cost-2010-01-15 Chavez policies made in USA ? ROFL !