How to Know When We’ve Ended the $83 Billion Bank Subsidy
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Dec. 2 (Bloomberg) -- It’s been almost a year since wecaused a stir by pointing out that the largest U.S. banksreceived a taxpayer subsidy worth an estimated $83 billion ayear. What’s changed since then?
Better banking rules are coming into force, and if theywork they’ll reduce the subsidy. It would be good to knowexactly how much. Unfortunately, measuring the transfer in realtime is something regulators aren’t well equipped to do.