“St. Louis Fed President Jim Bullard recently laid out four criteria that a bank needs to be split up — namely, if its assets are too voluminous, if it’s too leveraged, if it has too much short-term funding of longer term assets and if it creates too much systemic risk. Alex Pollock said of the Fed: It’s too big, with over $3.3 trillion in assets, it’s too leveraged at 60 to 1, it’s extremely short-funded and it’s ‘a frequent contributor through its interest rate and money-printing action of gigantic systemic risk.’ ‘Therefore, it follows pretty clearly from the same logic that we should break up the Fed,’ said Pollock, a former bank CEO.”
http://www.moneynews.com/FinanceNews/Pollock-Fed-too-big-to-fail-break/2013/05/16/id/504880
Related posts:
Glenn Greenwald: Embassy closings looks like a conspiracy to silence NSA debate
Jim Rogers: How High (or Low) Will Gold Go?
Amazon Billionaire Jeff Bezos's Life Story
Nigel Farage: There is a Gathering Electoral Storm
Cop Who Shot and Killed Unarmed 14-year-old Hiding in Woodshed May Have Used Excessive Force
'Swatting' prank results in police killing of unrelated Kansas man
The Emerging Bitcoin Civil War
Oklahoma Passes Most Progressive Medical Marijuana Initiative Since California’s Prop 215
Scientist calls for caffeine to be a regulated substance
So It Begins: Congress to Cut Pension Plans
Dutch court rules in favor of unblocking Pirate Bay as ban ‘ineffective’
Coinkite Bitcoin Payment Terminal Quick Preview
Is the “Ron Paul Revolution” Too Dangerous for Auburn?
'Brilliant' Snowden Digitally Impersonated NSA Officials
It Is Now Common Knowledge That US Drones Bomb Civilian Rescuers