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

At Minneapolis Fed, economists see risks in big banks but reject breakup strategy

 


At the end of a daylong discussion on how the largest American banks might be allowed to fail in an orderly way if they ever face a crisis like the one in 2008, Neel Kashkari said he was reminded of "Star Wars."

He called the new rules governing bank resolution a "very clever, delicate mousetrap" and then likened them to the plan the Rebels in the "Star Wars" stories came up with for destroying the Death Star. A single fighter needed to fly under the radar, through a passageway along the starship's surface, and then shoot a torpedo down a tiny service shaft.

http://www.startribune.com/at-minneapolis-fed-economists-see-risks-in-big-banks-but-reject-breakup-strategy/379720001/

 

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