TBTP is Now Law

July 21, 2010

Too Big To Pay for their mistakes, today’s signing was a triumph over taxpayers by the monster banks.¬† They even stopped a microscopic fee from being added during¬† non-crisis times to pay for the janitors when the mess inevitably happens again.

Can we have a show of hands for those who think that if/when Citi craters, the Congress or White House will be able to impose a fee to pay for the cleanup?

That’s right – nobody believes anyone other than taxpayers will pay when the crisis comes.

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