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February 16, 2016

Better Markets Applauds Minneapolis Fed President Neel Kashkari’s Remarks on Ending the Dangerous Too-Big-To-Fail Threat Hanging over the Economy and Americas’ Families

FOR IMMEDIATE RELEASE
Tuesday, February 16, 2016
Contact: Daniel Wynn, 202-618-6464 or dwynn@bettermarkets.com 

Better Markets Applauds Minneapolis Fed President Neel Kashkari’s Remarks on Ending the Dangerous Too-Big-To-Fail Threat Hanging over the Economy and Americas’ Families

Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement regarding Minneapolis Fed President Neel Kashkari’s remarks delivered today on ending the threat posed to our economy from the too-big-to-fail firms:

“Minneapolis Fed President Kashkari’s voice is a welcome addition to the important debate about ending too-big-to-fail firms, which caused the 2008 financial crash, almost caused a second Great Depression and caused more than $20 trillion in economic damage to the US.  He correctly recognizes that too-big-to-fail firms continue to threaten not only the financial system and the economy, but also the jobs, homes, savings and livelihoods of all Americans.  While the devil is in the details, we welcome the Minneapolis Fed’s initiative to propose transformational change by year-end that will end the dangerous too-big-to-fail firms once and for all.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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