Why A Fed President Wants To Break Up The Banks

Mar 1, 2013 at 4:15 AM
DailyBail in banks, banks, bloomberg interview, break up the banks, dodd frank, fed, federal reserve, richard fisher, too big to fail banks, video

Richard Fisher's plan.

'The system is biased towards Goldman Sachs and JPMorgan.'

Excellent Bloomberg interview.  Dallas Federal Reserve President Richard Fisher details his plan to break up the banks.  Here's a quick summary:

• There are 12 banks that meet the criteria for too big to fail.
• Dodd-Frank is killing small community banks.
• Fed is constantly reassessing stimulus.
• QEternity is false.  Will not last forever.
• Voted against latest round of QE.
• Worried about Treasury bubble bursting.
• Worried about Fed's exit strategy.
• Biggest inflation hawk on the Fed and he sees little inflation.

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).