Times posted the same information – gotta love the line: “It’s not what one expects from a Goldman Sachs Republican.”
The newest Federal Reserve policymaker dismissed concerns that his call for radical action to rein in “too big to fail” banks was a partisan move, and instead said on Wednesday it highlighted the U.S. central bank’s independence from politics.
Minneapolis Fed President Neel Kashkari, a Republican and former Treasury official under the Bush and Obama administrations, said on Tuesday existing rules to protect taxpayers and the economy from a bank failure fall short, and he urged Congress to consider breaking up massive banks.
The call for action seven years after the worst of the financial crisis touched a nerve among bankers and on the combative presidential election campaign, where both Democrats and Republicans have hammered Wall Street greed and criticized regulations as having fallen short.
Deadly Clear 