D.C. Votes to End Subsidies for Big Banks

“Apparently the unanimous vote in Washington is not extinct.

On Saturday, as part of a marathon voting session in the Senate to pass the country’s first budget in four years, a measure was also approved 99-0 that sought to “end subsidies” based on size for the nation’s six largest financial institutions.

In essence, the Senate is saying banks should sustain an extra cost— not a lower cost—for being big….”

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