Fisher explains how big banks won’t pay tab for a rival’s failure

http://blogs.marketwatch.com/capitolreport/2013/06/26/fisher-explains-how-big-banks-wont-pay-tab-for-a-rivals-failure/

The provision was included as an attempt to prohibit the costs of dismantling a large failing bank to be imposed upon taxpayers, in response to outrage over the 2008-crisis taxpayer-funded bailouts.
However, Fisher contends that these big bank rivals can write off those fees as a tax-deductible business expenses, reducing revenue to the Treasury and hiking the ultimate costs to taxpayers.
“Is that a bailout by taxpayers?” asked Rep. Patrick McHenry, Republican of North Carolina, in a hearing on the question of whether the post-crisis law, the Dodd-Frank Act, prohibits taxpayer funded bailouts.
“That’s one way to describe taxpayer support,” responded Fisher. He also described it as a disguised form of taxpayer bailout.