The credit union/bank clash over the tax exemption in Wisconsin showed no sign of a letup Monday with the Wisconsin Bankers Association issuing a recycled broadside and the Wisconsin Credit Union League firing back with a rebuttal stressing "the credit union story directly counters" any negative banker claims.

The latest exchange, triggered by a July 15 WBA letter to the state's Congressional delegation appealing for federal action "in light of the debt crisis," comes as Wisconsin voters on Tuesday participate in a bellwether election on recall of lawmakers stemming from the March fight curbing collective bargaining rights for state employees and which forced a budget-related shutdown of the state legislature.

Officials of both the WBA and the league stress there is no connection between the Tuesday vote and the tax exemption imbroglio "since one is a federal issue and the other state."

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