Fed’s Kashkari Releases Plan To End “Too Big To Fail”, Compares Banks To Terrorists
by Tyler Durden
ZeroHedge.com
Nov 16, 2016
In the latest reminder that 7 years after the financial crisis, the US banking system still remains a systemic risk, Minneapolis Fed President Neel Kashkari today released four-step plan to end too-big-to-fail problem. The reason for the proposal: America’s “biggest banks continue to pose a significant, ongoing risk to our economy” and “One analogy that helps highlight the trade-off of costs and benefits is the risk of terrorism.”
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