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I have the report at CFIF.

Short version: An extension of a ridiculous bailout for big banks and rich people who don’t need it. Taxpayers should not be on the hook for deposits so big. It just further supports the bad idea of “too big to fail.”

This was originally part of TARP. Ugh. It stinks. Please do read my report at CFIF.

About the Author

Quin Hillyer is a senior editor of The American Spectator and a senior fellow at the Center for Individual Freedom. Follow him on Twitter @QuinHillyer.

http://spectator.org/blog/2012/12/06/were-tagged-for-more-bad-polic

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