TRIA is not a taxpayer bailout. It is not a bailout of the insurance industry, but it is, in fact, the most taxpayer-friendly way to deal with the long-term costs associated with a terrorist attack.
Hensarling defends TRIA as a responsible financial mechanism for handling terrorist attack costs.
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As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.
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