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Kashkari’s Nuclear Option: Turn Wall Street Mega Banks Into Public Utilities
Friday, February 19, 2016 9:59
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Kashkari’s Nuclear Option: Turn Wall Street Mega Banks Into Public Utilities
By Pam Martens and Russ Martens: February 19, 2016 Neel Kashkari, the newly installed President of the Federal Reserve Bank of Minneapolis, shook things up earlier this week by suggesting options to deal with Wall Street’s too-big-to-fail banks that include breaking them up, as Senator Bernie Sanders has suggested, or regulating them like public utilities such as nuclear power plants. The nuclear power plant regulatory regime analogy was not a good one. In fact, that’s … Continue reading →
Source: http://silveristhenew.com/2016/02/19/kashkaris-nuclear-option-turn-wall-street-mega-banks-into-public-utilities/
