Nov
17
Minneapolis Fed Chief Proposes Eliminating ‘Too Big to Fail’ Banks
ByWall Street banks are still too big to fail, and the hundreds of thousands of pages of regulations created in the eight years since the crisis are not adequate protection against another financial shock, says Neel Kashkari of the Federal Reserve Bank of Minneapolis.
Mr. Kashkari, a Republican who has run the Minneapolis Fed for about a year, delivered an unusually blunt and sweeping indictment of financial regulation in a speech before the Economic Club of New York on Wednesday…
Minneapolis Fed Chief Proposes Eliminating ‘Too Big to Fail’ Banks
