Taxpayers Subsidize ‘Too Big to Fail’ Banks

$83 billion

Amount U.S. taxpayers pay to subsidize the top five banks — JPMorgan, Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group Inc. — according to the Bloomberg View Editorial Board. The board said the banks “would just about break even in the absence of corporate welfare. In large part, the profits they report are essentially transfers from taxpayers to their shareholders.”

Sequester Seen as ‘Stupid and Cruel’ — and Therefore Republican

The sequester has an advantage, and this is kind of cruel to Republicans, but it’s true. The sequester, not many people know what it is, but it sounds stupid and cruel. Therefore people think it’s a Republican thing.

— James Carville, on Morning Joe, noting that Democrats have a big advantage in the debate over the coming automatic budget cuts because of the word used to describe them.