Banking News All Over the World, Little of It Good

Wall Street Journal

In what is either an oversight or an extreme dislike of jargon, the Journal managed to write an 800-word article on the imminent expiration of the Transaction Guarantee Program (TAG) without once using the phrases "Transaction Guarantee Program" or "TAG." The gist is that the Senate would re-up the program, the Republican-dominated House won't, and small banks are seething and fighting for an extension. ...