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Fed’s Neel Kashkari Goes Greenspan on Bank Self-Regulation

Neel Kashkari’s plan for increasing loan-loss reserves suggests banks stop dividends out of the goodness of their hearts. Banks are boosting loan-loss provisions while openly counting on bailout money. I recommend we stop bailing out banks and make them fend for themselves. Federal Reserve Bank of Minneapolis President Neel Kashkari suggested in the Financial Times how banks…