, Columnist
Go Slow on New Bank Regulations
The Minnesota Fed wants to make banks safer. Fine. But beware of inflicting short-term pain for uncertain gain.
Careful, now.
Photographer: David Paul Morris/BloombergTen years ago, Neel Kashkari was the Treasury department official in charge of the Troubled Asset Relief Program that bailed out the biggest U.S. banks. Now, as president of the Federal Reserve Bank of Minneapolis, he wants to make sure no such bailouts are ever needed again.
QuickTake Capital Requirements