It’s been a common theme this campaign season: Are our banks still too big to fail? Former treasury official Neel Kashkari and presidential candidate Sen. Bernie Sanders have both shared their concerns with the NewsHour. For another perspective on the argument, Jeffrey Brown talks to Barney Frank, former Democratic congressman and co-author of the regulatory Dodd-Frank bill. Continue reading
As presidential candidates debate Wall Street regulation, an argument against big banks arose from an unlikely source. Former Goldman Sachs executive Neel Kashkari asserts banks that are “too big to fail” remain a serious threat to financial stability and must be dismantled. Now president of the Minneapolis Federal Reserve, he discusses the problem and his proposed solution with Jeffrey Brown.
During Friday’s Congressional hearing about changes to the focus of the $700 billion federal bailout, lawmakers in both parties criticized the latest modifications by Treasury. Judy Woodruff wraps up the latest. Continue reading