Minneapolis Fedಪರಿಶೀಲಿಸಿದ ಖಾತೆ

@MinneapolisFed

We serve the Ninth Federal Reserve District: MN, MT, ND, SD, 26 counties in northwestern WI, and the UP of Michigan. RTs ≠ endorsements.

Minneapolis, MN
ಫೆಬ್ರವರಿ 2009 ಸಮಯದಲ್ಲಿ ಸೇರಿದ್ದಾರೆ

@MinneapolisFed ತಡೆಹಿಡಿಯಲಾಗಿದೆ

ನೀವು ಖಚಿತವಾಗಿಯೂ ಈ ಟ್ವೀಟ್‌ಗಳನ್ನು ನೋಡಲು ಬಯಸುವಿರಾ? ಟ್ವೀಟ್‌ಗಳನ್ನು ನೋಡುವುದು @MinneapolisFed ಅವರನ್ನು ತಡೆತೆರವುಗೊಳಿಸುವುದಿಲ್ಲ.

  1. Follow us on to see photos from symposium:

  2. Thank you for joining us for the town hall.

  3. Kashkari: Banks were all allocated an equal share once they requested it; many banks opted out due to concerns of appearance.

  4. Question from the audience: Health of economy relies on small business and community banks; why did TARP give more to big banks?

  5. More than a full house tonight with and John Harwood on

  6. Kashkari: Instead let’s have a financial system that’s resilient so regulators need not be omniscient, which is unrealistic.

  7. Question: Should the Federal Reserve be held accountable for missing the housing bubble and crisis?

  8. Kashkari: I believe we would still be at zero lower bound; central banks can only set rates at margin, macroeconomy determines real rates.

  9. Question from audience: Where do you think interest rates would be if you hadn't intervened during the crisis?

  10. Kashkari: Ron Feldman & Gary Stern at Minneapolis Fed wrote the book on Too Big To Fail; if not us, then who? More:

  11. .: Why should it be the that solves this issue?

  12. Kashkari: wants to keep same structure & put rules around it; now w/ stable economy, time to go after transformational solutions.

  13. Question: Where do you think falls short?

  14. Kashkari: We were always late, we were always behind..and coming up short. Then, we asked for the TARP authority.

  15. .: How would you evaluate how well-executed the intervention [to bail out the banks] was?

  16. Kashkari: We haven't decided what the solution is, but one of the options is breaking up the banks.

  17. .: Talk about where you think Bernie Sanders is right and where he's not quite there.

  18. ಗೆ ಪ್ರತ್ಯುತ್ತರವಾಗಿ

    Submit your question to Neel Kashkari by tweeting and using .

  19. Starting now: town hall with Neel Kashkari, moderated by :

  20. ಗೆ ಪ್ರತ್ಯುತ್ತರವಾಗಿ

    Submit your question to @MFedPresidentNeel Kashkari by tweeting and using .

  21. Livestream resumes at 6p CT for town hall from with & Neel Kashkari:

  22. . Neel Kashkari: "In times of major crisis, this kind of complexity terrifies me."

  23. Live now: Neel Kashkari delivering closing remarks for second symposium on .

  24. .: "Our regulatory system is very much a litigated system."

  25. John Bovenzi of responds to comments from panelists.

  26. David Skeel, : The goal should be to make bankruptcy a serious option for as many of these institutions as possible.

  27. David Skeel : "SPOE [single point of entry] strikes me as an approach that could actually work."

  28. Herring, : Disorderly resolution exacerbated the crisis.

  29. Panel 2 of second symposium on , including and presenter, John Bovenzi of .

  30. Richard J. Herring, : "Numerous policies have been launched to prevent an insolvency."

  31. J. Christopher Flowers: "I don't see this economy functioning without very large institutions."

  32. .: "Size is not the only relevant attribute of banks."

  33. .: Larger firms can provide services that smaller ones can't provide.

  34. .: "To say that nothing has been done is not correct." Watch now:

  35. Bovenzi, : "The FDIC, the Fed, and the banking industry need to stay the course."

  36. Bovenzi, : With sufficient subordinated long-term debt, short-term creditors need not be exposed to losses, they need not run

  37. Bovenzi, : When crisis came, Fed and Treasury had to improvise.

  38. Bovenzi, : Since Great Depression, bailouts have been the rule, not exception.

  39. Panel 2 begins now w/ John Bovenzi of : "Exploring alternatives to the Dodd-Frank Act’s resolution framework"

  40. Livestream will resume at 2p CT for Panel 2, including comments from :

  41. .: Between in-market mergers & across-market mergers, I'll take across-market mergers any time of the day.

  42. .: The only way the public can win is when there is competition between interests.

  43. . delivers luncheon keynote remarks for second symposium on

  44. .: "I didn't see a strong argument to retain Glass-Steagall."

  45. Watch now: delivers lunch keynote, "Why I changed my mind on Glass Steagall": .

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