Fed’s Neel Kashkari Says Banks Are ‘Still Too Big to Fail’
By
Neel Kashkari at a California Republican Party event in 2014. On Tuesday he outlined a number of potential options for restraining large banks. CreditStephen Lam/Reuters
WASHINGTON — During the 2008 financial crisis, Neel Kashkari worked tirelessly to save the nation’s largest banks. As a senior Treasury Department official in the George W. Bush and Obama administrations, he helped those banks grow larger than ever.
On Tuesday, he said it was time to think about breaking them up.
“I believe the biggest banks are still too big to fail and continue to pose a significant, ongoing risk to our economy,” Mr. Kashkari said at the Brookings Institution, delivering his first public speech as the new president of the Federal Reserve Bank of Minneapolis…
Fed’s Neel Kashkari Says Banks Are ‘Still Too Big to Fail’
