Kashkari Burns Bridges With Wall Street But Isn't A Reformer Yet

Kashkari Burns Bridges With Wall Street But Isn’t A Reformer Yet by Carter Dougherty, InsideSources

Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, spent the past 24 hours ginning up the debate over the mega-banks that are “too big to fail” — the ones the government would have to bail out or risk crashing the American economy.

There was a symposium of leading academics, a meeting with journalists and an open house with the citizens of the Twin Cities. The conference proved more lively than most gatherings about financial regulation and the meeting with the press surprisingly unscripted. The public meeting may have been a first for the Federal Reserve System.

Privately, no question was more often...