The new president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, made financial headlines Tuesday when he argued for new measures to end the too-big-to-fail problem – including breaking up the largest banks….While I share many of Kashkari’s concerns, his zeal for breaking up the largest banks is premature.
“VOA will present the policies of the United States clearly and effectively, and will also present responsible discussion and opinion on these policies.” — VOA Charter
Meet Janet Yellen: The Most Powerful Woman in the World
Posted September 14th, 2015 at 9:12 am (UTC-5)
Comments are closed
Andrew Rose was with her when one of the deadliest earthquakes struck the area. “She was reasonably calm. She didn’t cry or scream … If she behaves like that during the next financial crisis — if there is one during her time — I think we’ll be in good hands.”
Kashkari’s Big Plan for the Banks
(Neel Kaskari’s) right that the financial system needs further reform, and it’s good that he’s open to radical proposals….The best way to make banks safer is also the simplest. Require them to finance themselves with more capital and less debt.