A top Republican architect of the 2008 bank bailout stunned financial observers Tuesday with a speech calling on Congress to consider breaking up the nation's biggest banks, injecting an unlikely new voice into a debate that has dogged the Obama administration and roiled the Democratic presidential race. "I believe the biggest banks are still too big to fail and continue to pose a significant, ongoing risk to our economy," Neel Kashkari, a former Goldman Sachs executive who worked for Treasury Secretary Hank Paulson during the George W. Bush administration, said at the Brookings Institution in Washington. Kashkari,... [Read More]
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