Fed President and Assistant Treasury Secretary Says What Everyone Knows: We Need to Break Up the Big Banks
The President of the Federal Reserve Bank of Minneapolis – who oversaw the Troubled Asset Relief Program (TARP) as Assistant Secretary of the Treasury for Financial Stability (Neel Kashkari) – says that the nation’s biggest banks remain too big to fail and pose significant risk to the economy
Kashkari joins the following top economists and financial experts who believe that the failure to rein in the “too big to fail” banks is unacceptable: