Fed’s Kashkari Releases Plan to End “Too Big To Fail,” Compares Banks to Terrorists

When Neel Kashkari, a former Goldman Sachs banker who helped administer the U.S. Treasury Department’s bailout program during the 2008 financial crisis, was appointed as President of the Minneapolis Federal Reserve Bank, I commented on his intent to break up the big Wall Street banks as either too good to be true, or a political smokescreen.
Mr. Kashkari had made addressing the “too big to fail” his signature issue. And, it looks as if he is holding true to his promise.
It’s also gratifying to see a Federal Reserve official voice some of the same ideas that my Bank Whistleblowers United colleagues have voiced. BWU has also called for increased capital as one action item needed to avoid another financial crisis.
In a recent speech to the Economic Club of New York , Mr. Kashkari unveiled a plan to end the systematic risk posed by U.S. banks by forcing them to hold a massive amount of capital, as much as 38%.

8 responses to “Fed’s Kashkari Releases Plan to End “Too Big To Fail,” Compares Banks to Terrorists

  1. Nice try…
    After gutting the WORLD with the fraud. They have ALL the money they need to do just that. ….Until the next round of extracting the wealth of the nation and world….. Coming soon. (It has been 8 years)

  2. Richard Bowen misses the Largest Reality of the Entire FIASCO ……. The Criminality has been SYSTEMIC for many DECADES ……. To Big to Fail is a Red Herring / DISTRACTION and Subterfuge …….. BS for short

  3. FACT IS ……. many many many many THOUSANDS of FELONIES are a Reality and the INSIDER CRIMINALS will Play SMOKE and MIRRORS and Distract the Public Endlessly to Cover Up and Whitewash the MASSIVE Crime Spree. THEY BOUGHT THE SYSTEM exactly like Gretchen Morgenson and Judson Witham have said MILLIONS of times. RICHARD BOWEN and WILLIAM BLACK and many others tell just a FRACTION OF THE STORY ………. https://www.blogger.com/blogger.g?blogID=2447519761601389632#editor/target=post;postID=8089848686183623852;onPublishedMenu=allposts;onClosedMenu=allposts;postNum=1;src=postname

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