Elizabeth Warren’s Big Government Power Grab Will Make Depositors Pay

Elizabeth Warren’s Big Government Power Grab Will Make Depositors Pay

Lawmakers are kicking the tires on legislation that purports to expand protections for bank depositors, but is a wolf in sheep’s clothing. This thinly-veiled corporate welfare would result in average Americans and small businesses paying more down the road.At issue here is the deceptively named Main Street Depositor Protection Act, which would greatly expand government-backed coverage of certain business deposits for businesses through the Feder…