Even Bank Bailout Architect Says Its Time To Break Up Banks

Former Goldman Sachs staffer and current president of the Minneapolis Federal Reserve, Neel Kashkari, is calling for the breakup of banks that are ‘too big to fail.’

Kevin Gosztola
By Kevin Gosztola
Neel Kashkari, assistant Treasury secretary in 2008, arrives at a Senate Banking Committee hearing on the U.S. financial crisis.

Published in partnership with ShadowProof.  As a purportedly liberal presidential candidate named Hillary Clinton mocks the idea of breaking up the Too Big To Fail Wall Street banks, one of the bank bailout’s chief architects is championing the idea from inside the Federal Reserve System. This week, Neel Kashkari, president of the Minneapolis

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Justice Is Blind To Those Who Can’t Afford It

MintPress explores the two vastly different prosecutory worlds available to those with money, power and influence, and those without it, finding discrepancies between how the U.S. justice system handles corporate and street crimes.

Sean Nevins
By Sean Nevins

WASHINGTON --- Two days after a Staten Island grand jury acquitted NYPD Officer Daniel Pantaleo in the death of Eric Garner, banking and financial services giant BNP Paribas S.A. (BNPP) was able to delay sentencing that would force it to pay $8.9 billion for pleading guilty to violating U.S. sanctions regulations. Nobody at the global banking

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New Capital Requirements Would Make Big Banks More Responsible For Their Investments

Many in Washington are desperate to find a way to safeguard the economy from the recklessness of the “too big to fail” banks.

Frederick Reese
By Frederick Reese
Protesters Richard Hanzel, left, Brendan Hutt, and Richard Shavzin, right, of the Screen Actors Guild, dressed as wall street bankers, march from Goldman Sachs' office to a rally in Federal Plaza demanding Wall Street reform, Wednesday, April 28, 2010, in Chicago. (AP Photo/M. Spencer Green)

The Great Recession, which was caused by the largest financial collapse since the Great Depression, has left many in Washington and elsewhere desperate to find a solution that will protect the economy from the recklessness of the “too big to fail” banks. On Monday, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office

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