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."
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.