the 'too big to fail' is a form of implicit subsidy from the taxpayer, which lowers the cost of funding for these derivative transactions.
Editor's note · Context
Discussing the unfair advantage of large banks due to taxpayer support.
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Not only do they not fund Ukraine, which I think your testimonies indicate as a vital imperative to the United States, they also want to offset the funding by taking money from the IRS.
we cannot produce two attack submarines a year. We're at about 1.2 and I think everyone can see this platform is probably the most critical and decisive--both of them--in our inventory.
Not only do they not fund Ukraine, which I think your testimonies indicate as a vital imperative to the United States, they also want to offset the funding by taking money from the IRS.
We provided additional resources at ARPA (The American Rescue Plan Act of 2021) to do that, and those resources have been exhausted.





