After getting caught trying to stuff a $20 bln bank tax into the FinReg bill at the 11th hour, Democrats are now trying the “pay” for the bill by shutting down the TARP and using any remaining “authority” (read: unspent cash) for FinReg.

Moral of the story: Never give the government a blank check. They will cash it.

The TARP ‘savings” is estimated at around $11 bln. Hell, there’s that much in loose change beneath the cushions in Bobby Bird’s couch…

EUR/USD is easing from the 1.2110/15 resistance area as the S&P probes below the 1041 area. A sustained break is bad news…