Khotso
Active member
[h=1]New Fed member suggests breaking up the big banks[/h] Feb 16 2016, 11:07 ET | By: Stephen Alpher, SA News Editor
Former Goldmanite and TARP czar, and now Minneapolis Fed President, Neil Kashkari says the time is right for Congress to go further than Dodd-Frank "with bold, transformational solutions to solve [too big to fail] once and for all."
Lawmakers, he says, should break up the largest banks into "smaller, less connected, less important entities." Other options would be turning the large lenders into public utilities by forcing them to hold so much capital that they can't fail, or taxing leverage throughout the financial system.
Watching with interest: BAC, C, JPM, WFC, MS, GS
http://seekingalpha.com/news/3109716-new-fed-member-suggests-breaking-big-banks?uprof=46#email_link
Former Goldmanite and TARP czar, and now Minneapolis Fed President, Neil Kashkari says the time is right for Congress to go further than Dodd-Frank "with bold, transformational solutions to solve [too big to fail] once and for all."
Lawmakers, he says, should break up the largest banks into "smaller, less connected, less important entities." Other options would be turning the large lenders into public utilities by forcing them to hold so much capital that they can't fail, or taxing leverage throughout the financial system.
Watching with interest: BAC, C, JPM, WFC, MS, GS
http://seekingalpha.com/news/3109716-new-fed-member-suggests-breaking-big-banks?uprof=46#email_link
