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February 17, 2016

Politico: Banks blindsided by former Bush official

“Wall Street woke up with a new problem Tuesday: a Republican Goldman Sachs alum using his new bully pulpit atop the Federal Reserve to suggest the biggest banks should break up.”

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“For too long too many people involved in creating or responding to the financial crash have remained silent about what happened and what really needs to be done, and that goes for Wall Street CEOs and policymakers,” said Dennis Kelleher, president of Wall Street reform advocacy group Better Markets. “This is a refreshing and encouraging statement by an insider about the need to end too big to fail and the commitment to do something about it.”

“Kashkari said he plans to deliver a plan to Congress by the end of the year.”

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Read the full Politico article by Zachary Warmbrodt here.

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