The Hill’s Congress Blog: Protecting Banks is Not the Answer

Some banks are asking state legislators to pass resolutions calling on the U.S. Congress to eliminate the nonprofit status of credit unions, effectively imposing new taxes on the banks’ smallest of rivals.  Said differently, “too big to fail” banks – those first to get in line for federal help and bailouts – are coming to a statehouse near you and pleading for government help to raise the cost of its ankle biter competitors. 

….The entire blog can be read at the Hill’s Congress Blog.

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