Federal Reserve Bank of Dallas Calls for Immediate Break-Up of Giant, Insolvent Banks

Saturday, March 24, 2012
By Paul Martin

by George Washington
ZeroHedge.com
03/23/2012

For years, many high-level economists and financial experts have said that – unless we break up the giant banks – our economy will never recover, real reform will be blocked, and democracy and the rule of law will be corrupted.

The President of the Federal Reserve Bank of Dallas – Richard Fisher – has been one of those calling for the breakup of the giant, insolvent banks. But he has only done so in his private capacity …

Until now.

This week, Fisher and the Dallas Fed’s research director, executive vice president Harvey Rosneblum, sent out official communications from the Dallas Fed slamming the too big to fails, and calling for their immediate breakup.

Yves Smith points out:

The Rest…HERE

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