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It’s called the Export-Import Bank, but Washington is about to shut it down. So, if it creates jobs and makes money for tax payers, why has the bank become such a rallying cry for the GOP? The Tea Party is keen on taking on big business.
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In the US and in Continental Europe there has for many decades been a tradition of deposit insurance — bank deposits are guaranteed by the state up to some limit. By contrast, until 1979 the UK had no deposit insurance whatever (it was.
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