Camden Fine
Community banks are too important to fail
I’m sorry, but if you repeat a lie often enough, it still doesn’t make it the truth. That hasn’t stopped Wall Street apologists from continuing the stale assault that the Transaction Account Guarantee program is a taxpayer-supported government bailout. The latest potshots come from The Wall Street Journal, which has again concluded that because the government should reduce its support for the banking system, somehow TAG should be the first to go.
