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…