imyoda
DP Veteran
- Joined
- May 6, 2012
- Messages
- 5,731
- Reaction score
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- Location
- Sarasota, Florida
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- Political Leaning
- Conservative
Fed’s Neel Kashkari Says Banks Are ‘Still Too Big to Fail’
http://www.nytimes.com/2016/02/17/b...ri-says-banks-still-too-big-to-fail.html?_r=0
……… The Top Financial Regulator Might Actually Break Up ‘Too Big to Fail’ Banks
“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.
He described the threat of another crisis that might force the government to bail out large banks, as it did in 2008, as a rare instance of a clear and preventable problem……….”
Top Financial Regulator Might Actually Break Up 'Too Big To Fail' Banks | ThinkProgress
https://www.minneapolisfed.org/news...om-the-crisis-ending-too-big-to-fail#_ftnref5
5 Numbers To Know As Dodd-Frank Wall Street Reform Celebrates Its 5th Birthday | ThinkProgress
http://www.cnbc.com/2015/10/08/clin...o-fail-banks-as-part-of-wall-street-plan.html
I cannot think of anything more important to the economic well-being of our country and stopping the Wall Street banksters from robbing the American taxpayer again………
And they can….. and want to………..You see they all hold a large portion of the trillions of dollar of credit default swaps…….. The same financial instruments at the heart of causing the last Great Recession of 2008……..
SEE:
Global Derivatives: $1.5 Quadrillion Time Bomb
http://www.globalresearch.ca/global-derivatives-1-5-quadrillion-time-bomb/5464666
http://www.nytimes.com/2016/02/17/b...ri-says-banks-still-too-big-to-fail.html?_r=0
……… The Top Financial Regulator Might Actually Break Up ‘Too Big to Fail’ Banks
“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.
He described the threat of another crisis that might force the government to bail out large banks, as it did in 2008, as a rare instance of a clear and preventable problem……….”
Top Financial Regulator Might Actually Break Up 'Too Big To Fail' Banks | ThinkProgress
https://www.minneapolisfed.org/news...om-the-crisis-ending-too-big-to-fail#_ftnref5
5 Numbers To Know As Dodd-Frank Wall Street Reform Celebrates Its 5th Birthday | ThinkProgress
http://www.cnbc.com/2015/10/08/clin...o-fail-banks-as-part-of-wall-street-plan.html
I cannot think of anything more important to the economic well-being of our country and stopping the Wall Street banksters from robbing the American taxpayer again………
And they can….. and want to………..You see they all hold a large portion of the trillions of dollar of credit default swaps…….. The same financial instruments at the heart of causing the last Great Recession of 2008……..
SEE:
Global Derivatives: $1.5 Quadrillion Time Bomb
http://www.globalresearch.ca/global-derivatives-1-5-quadrillion-time-bomb/5464666
