Congressional Democrats abandoned a controversial proposal in the financial reform bill that would have levied a $19B tax on the country's largest banks. Instead, lawmakers will offset the bill's costs by winding down TARP early and assessing a $5.7B fee on banks through the FDIC. Premarket: C +2.4%, GS +0.4%, BAC +1.2%, JPM +0.9%.
Congressional Democrats abandoned a controversial proposal in the financial reform bill that...
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