The Dallas Fed Is Calling For The Immediate Breakup Of Large Banks
It’s hard not to think it’s a big deal when a branch of the Federal Reserve system calls for the breakup of major American banks.
The bank has just released its annual report, and the title of the letter is: Choosing the Road to Prosperity Why We Must End Too Big to Fail—Now.
Here’s the full letter from Dallas Fed President Richard Fisher, generally known as one of the most hawkish and conservative Fed Presidents. (Continue story)