CEI Today: Senate vote on bank guarantees, Farm Bill boondoggle, and an anti-immigration group denounces CEI
SENATE VOTE ON BANK GUARANTEES - JOHN BERLAU
National Review: Conservatives: End TAG, TARP’s Subsidy to the Rich’s Bank Accounts
While waxing on about how Democrats want a “balanced approach” to deficit reduction, including for sacrifice by “the rich,” Senate majority leader Harry Reid has apparently slated a Senate vote as early as this Monday afternoon that would throw both priorities out of balance.
The vote is on extending for another two years the Transaction Account Guarantee (TAG) program — unlimited government-guaranteed deposit insurance for non-interest bank and credit union accounts, over and above the $250,000 limit for all accounts. > View the full commentary at Nationalreview.com
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