#Login Register


  • 8 Vote(s) - 5 Average
Home 


Fed’s Neel Kashkari Says Banks Are ‘Still Too Big to Fail’
Hoffman Lenscrafter Show this Post
02-17-2016, 02:44 AM #1
Hoffman Lenscrafter Incognito Anonymous
 
"During the 2008 financial crisis, Neel Kashkari worked tirelessly to save the nation’s largest banks. As a senior Treasury Department official in the George W. Bush and Obama administrations, he helped those banks grow larger than ever.

On Tuesday, he said it was time to think about breaking them up.

“I believe the biggest banks are still too big to fail and continue to pose a significant, ongoing risk to our economy,” Mr. Kashkari said at the Brookings Institution, delivering his first public speech as the new president of the Federal Reserve Bank of Minneapolis."

http://www.nytimes.com/2016/02/17/busine....html?_r=0

I believe the 2008 financial crisis was part of a deliberate effort to consolidate the banking industry and destroy smaller competitors, in order to move closer to a system that is easier for the central planners to control and manage. This guy was apparently part of that effort, has been given a position at the Federal Reserve Bank in Minneapolis, and is now saying that it is time to break up the large banking structure that he helped create, similar to what was done with the AT&T with the creation of the baby Bells, or the Regional Bell Operating Companies in the early 1980s.

Basically, this sounds like a plan to go regional with the banking structure, under heavy regulation, which will do nothing to actually bring back smaller competitors or break up the monopoly that was caused by the actions of the Federal Reserve and the large banks who precipitated the 2008 financial crisis.

What this will do is provide them with various testing grounds to promote different policies, a lab, if you will, by which to allow banking heads to experiment with their ideas for more effective central planning, while limiting the exposure of the whole to potential failure, as well as providing a layer of protection against instability in the other regions, which might, or might not, be caused by factors other than these experimental banking policy decisions. I wonder if the regions will be similar to the FEMA Region maps that we have seen in the past. My bet is that it will match up with the Homeland Security regions to a large degree.

It could very well be that this is part of the strategy to effectively dismantle, part out, and cannibalize the United States, while the management of this process is conducted under a superstate that operates and exhibits centralized and military control through a regional command structure. If civil war is raging in Region 3, then the Region 5 banking and economic structure will remain insulated, to some degree, from the financial and political fallout caused by that instability, and they can go region by region carrying out their plans, experimenting along the way, while suppressing any dissent to the implementation of their grand strategy.

It is also possible that this guy, who appears to be a part of creating the problem, in the first instance, is now stating the solutions that will be used in the event of the next major collapse, and is espousing things which he knows that they have no intention of doing prior to the next deliberate calamity, which will provide them with the impetus to officially create the regional structure discussed above, but he might know something of the plan, and is positioning himself for a higher calling under the new system, by providing this solution up front and ahead of the crisis. Thus, he may be using a strategy of appearing to have the right solutions, ahead of the game, so that people will not only accept the solution, but fail to object to his newly created and more powerful position when that time comes.
02-17-2016, 03:11 AM #2
Kreeper Griobhtha
Posts:10,824 Threads:653 Joined:Feb 2011
Of course he says that . He works for the banks. Unfortunately for him, Iceland proved the banks are not too big to fail.

Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor



Home 




 



DISCLAIMER / Terms of Service (TOS):
Kritterbox.com - Socialize anonymously, commentary, discussion, oddities, technology, music and more!  This website is provided "as is" without warranty of any kind, either expressed or implied. kritterbox.com shall not be liable for any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.
This website exists solely for the purposes of exchange of information, communication and general entertainment. Opinions from posters are in no way endorsed by kritterbox.com. All posts on this website are the opinion of the authors and are not to be taken as statements of fact on behalf of kritterbox.com. This site may contain coarse language or other material that kritterbox.com is in no way responsible for. Material deemed to be offensive or pornographic at the discretion of kritterbox.com shall be removed. kritterbox.com reserves the right to modify, or remove posts and user accounts on this website at our discretion. kritterbox.com disclaims all liability for damages incurred directly or indirectly as a result of any material on this website. Fictitious posts and any similarity to any person living or dead is coincidental.
All users shall limit the insertion of any and all copyrighted material to portions of the article that are relevant to the point being made, with no more than 50%, and preferably less of the original source material. A link shall be visible in text format, embedded directly to the original source material without exception.
No third party links, i.e. blogs or forums will be accepted under any circumstances, and will be edited by staff in order to reflect the original source of copyrighted material, or be removed at the sole discretion of kritterbox.com.
Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to economics, individual rights, international affairs, liberty, science, and technology. This constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for educational and/or research purposes.
This Disclaimer is subject to change at any time at our discretion.
Copyright © 2011 - 2017 kritterbox.com