- Wed Feb 17, 2016 9:45 am
#68789
http://www.thefiscaltimes.com/2016/02/1 ... -Big-Banks" onclick="window.open(this.href);return false;
Presidential candidates are presently arguing over whether large financial institutions need to be reined in further or ought to be loosed from the shackles of the Dodd-Frank Act, which imposed new rules on them in the wake of the financial crisis. Now, a former Bush administration official who helped oversee the bailout of the banking industry in 2008 and 2009 is weighing in with the suggestion that new regulations aren’t enough: big banks must be broken up.
Neel Kashkari hardly seems the sort to advocate an assault on the banking industry. A former Goldman Sachs banker, he served as acting Assistant Secretary of the Treasury for Financial Stability at the end of the George W. Bush administration and through the first few months of the Obama administration, managing the Troubled Assets Relief Program (TARP), commonly known as the bank bailout.
