Banks Still 'Too Big to Fail'
It’s amazing that our nation is still talking about this issue post Dodd-Frank, but it’s front-and-center in the fight for the democratic presidential nomination with Bernie vowing to come down hard on Wall Street, and Hillary defending her acceptance of campaign contributions. Far more interesting, however, is Neel Kashkari’s recent discussion on the topic. While the idea of turning banks into “utilities” is a little off-the-wall to some, he is right on track as he turns his attention to over-regulation of small banks…this is worth a listen. Visit www.cnbc.com for more information >>
This commentary represents the unique views of Chris Johnson, Senior Manager in Marcum LLP’s Financial Industry Group and is not representative of Marcum LLP, its partners or its employees.
