Most Ohioans would be surprised to know that the same Wall Street megabanks which received bailouts from taxpayers in 2009 also receive taxpayer-funded advantages today simply because of their “too big to fail” status. This taxpayer-supplied subsidy is wrong, and it puts community banks in Ohio at a competitive disadvantage.

This gives them access to cheaper funding and more favorable borrowing terms than dependable Main Street institutions – like Huntington Bank or The Peoples Bank in Coldwater, Ohio – simply because the market knows that the government would choose to bailout the Wall Street megabanks if they again reach the point of collapse.