Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Kashkari lays out new reasons why nation's biggest banks pose risks to taxpayers


Honing his argument and showing no diminishment of resolve, Neel Kashkari on Monday insisted that the largest banks in the United States are still too big to fail and that taxpayers will likely be on the hook for another bailout the next time one of them gets in trouble.

Speaking to the Minnesota Chamber of Commerce, the president of the Federal Reserve Bank of Minneapolis batted away criticism and returned to his central assertion — that faced with another financial crisis, government officials will not be able to force the bondholders of large banks to take massive losses without also putting the entire economic system at risk.


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