Fed President Kashkari Compares TBTF Banks To Risky Nuclear Reactors, Says Regulators "Won't See Next Crisis Coming"

Kashkari, who assumed the leadership of the Minneapolis Federal Reserve Bank in November, said his bank is drafting a plan by the end of the year to end the threat he sees posed by the largest banks to bring down the financial system.

If anyone should know, Neel it is: he worked at two of the most systematically important firms in history: first Goldman, then Pimco.

Kashkari also oversaw the Treasury Department's Troubled Asset Relief Program, known as the TARP, which parceled out bail-out funds to recapitalize many banks large and small, even to some critics said did not need the help. Originally an aerospace engineer, Kashkari lost his bid to unseat Jerry Brown as governor of California in 2014 .... http://www.zerohedge.com