Dem Rep. Lloyd Doggett to Close Tax Incentive for Banks?

Just as the banking industry seems to be slightly stabilizing, Democrat Rep. Lloyd Doggett wants to close what's known as the "Wells Fargo ruling," which allows healthy banks to utilize the tax losses of unhealthy banks, which make acquisitions more attractive and likely.

Why anyone is trying to prevent this type of banking consolidation precisely when we need it most is absurd...but then again, it's just another day in the life of a clueless-on-the-economy Democrat.