The Bailout Tax

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This is an opinion item.

Author(s) The Wall Street Journal editorial board
Source The Wall Street Journal
Date June 30, 2010
Quotes-start.png "This would also mean that commercial banks could essentially end up paying to bail out large hedge funds. The new Orderly Liquidation Authority was explicitly created for nonbanks, since the Federal Deposit Insurance Corporation already has a resolution process for commercial banks. Dodd-Frank would thus codify the mistakes of 2008, with bank deposit insurance supporting the rescue of all manner of uninsured adventures in the capital markets." Quotes-end.png

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This item argues against the position Act should be passed on the topic Restoring American Financial Stability Act.