Fed's Kashkari Says "We Won't See Next Crisis Coming", Compares Banks To Risky Nuclear Reactors
Coming as a replacement to perhaps the biggest dove in Fed history, few were expecting former Goldman and Pimco staffer Neel Kashkari to be as vocally outspoken on a topic that is so near and dear to regulators everywhere: their own cluelessness, and more importantly, the topic of "too big to fail" banks, which according to the Fed are a pillar of stability in an unstable world, and which according to Kashkari are anything but.