Taxpayer Dollars Still Bailing Out Banks - CNBC: "None of America's largest banks raise money on the free market. Every single one of them is propped up by an implicit taxpayer guarantee that is very similar to the backstops provided to Fannie Mae and Freddie Mac.
It is a huge subsidy by taxpayers to the banks, enabling them to be far more profitable than they would be otherise.
Tim Carney at the Washington Examiner (disclosure: we're brothers) explains:"
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