It is not a lie. Politifact has it wrong. The bill sets up a $50 billion fund that can be used to prop up zombie banks for as long as necessary in order to liquidate their assets.
WTF. They aren't "zombie banks" in any sense that the term is used, as in Japan, where banks carry underperfoming loans for ages with support from the government and nothing happens for years. This money is provided for resolution so that the bank has a short period of time to liquidate in an orderly way, not shut down
immediately, leaving everyone who did business with it in the lurch.
It's a death panel.
