Big Banks: Still Too Big To Fail?

Big Banks: Still Too Big To Fail? by Fran Reed, FactSet A surprising new voice has emerged in the “too big to fail” debate: a Federal Bank Reserve President. Minneapolis Fed President Neel Kashkari this week publicly advocated for breaking up the big banks, asserting that the 2010 Dodd-Frank Wall Street Reform Act didn’t go far enough. He rationalized that despite banking’s long effective lobbying efforts to block structural change combined with the post-crisis fragile economic environment, the economy is now sufficiently strong to support bold bank break-up action. His comments could influence decisions over big-bank policy, both on Capitol…