The Latest Big Bank Bailout: The back room attempt to guarantee transaction deposits.

The Wall Street Journal reports:

If elected President, Mitt Romney will have some tough decisions to make on financial regulation. But here's an easy one: Do not expand the taxpayer safety net.

Mr. Romney can even help protect taxpayers as a candidate by opposing the extension of a subsidy that largely benefits the biggest banks. It may seem amazing that Congress would even consider such a thing three months before the election. But banks have been lobbying to extend a deposit insurance program that was sold as a temporary response to the financial crisis in 2008.