The Front Page Story You Likely Ignored - Treasury, Congress and Bank Mergers

It was on the front page of the Washington Post print addition, and we bet you ignored it. Alternatively, if you went on WashingtonPost.com you likely didn't realize the editors thought it was front page material - you have to hunt for it a bit online.

Here's why you care: Amit R. Paley's Washington Post article would be everywhere from the Drudge Report to TV if the story was about political intrigue. Instead it is about money. That means K Street is talking about, Congress is talking about and Wall Street is talking about it. But, you are not. You should. The story in its essence is whether Treasury needed to tell Congress it was making a move with tax implications for financial institutions. And, whether that move helped hasten some mergers during the stock market's shock and awe of the past few months.

Paley does a good job of explaining it for the non-MBA set without overburdening the reader with tax law jargon. Take a few minutes and see what the government and financial institutions that impact your life are reading and thinking about today.