Mar 25
In these hostile times, it’s heartening to see there’s still one thing able to bring Republicans and Democrats together: hating on banks.
The U.S. Senate late Friday night agreed unanimously, by a vote of 99-0, to end whatever financial-market subsidy banks get by being too big to fail.
Unfortunately, the vote was nothing more than theater without any real world implications: The subsidy measure was non-binding, and it was attached as an amendment to the Democrats’ 2014 budget proposal, which everybody knows is going nowhere.
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