This is a necessary part of the solution. By demanding higher capital ratios of big banks, reckless bets will be curtailed, taxpayer risk reduced, and the too big to fail financial monsters will be incentivized to reorganize themselves to more responsible, self-insuring structures.
Federal Reserve Bank of Minneapolis President Neel Kashkari doesn’t accept the idea of letting an occasional financial crisis happen. Kashkari offers details on his plan to end the problem of ‘too-big-to-fail” banks on “Bloomberg Daybreak: Americas. Here is a direct video link.
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