captioning performed by vitac so one of the pushbacks that we will get, theyll say its a little bit of strong man argument. If you take a two trillion dollars bank and you divide it up into 2000 billion banks and they make the same mistakes, has safety been improved and thats a very fair question. If you really had 20,100,000,000,000 banks, each with their own boards of directors, theyre not all going to make identical decisions. The point is still taken. A lot of little banks does not necessarily safer than one giant banks if they all take identical positions. I go back to the savings and loan crisis, a thousand little banks failed in america. It was costly for the country. Was there any risk of a National Economic collapse or Global Economic collapse . No. So if we can encourage diversity of use and opinions i think were going to be better off and thats why our capital standards start at 250 billion and above. Smaller banks end up having the Capital Requirements they have today. So t
MANKATO — Neel Kashkari, president and CEO of the Minneapolis Federal Reserve Bank, is accustomed to deciphering complex studies done by his team of PhD economists, but he said some
Despite decades of policies aimed at creating new generations of homeowners, many African Americans grapple with a hostile housing sector. Where did the assumptions go wrong?