Really.
And itâ??s all because of one little speach by Daniel Tarullo. The Federal Reserve Board governor took to the Peterson Institute stage on Friday to recommend that systemically-important financial institutions (SIFIs) increase their capital ratios by 20 per cent to 100 per cent over their current levels.
Cue much frothing from Dick â??I â?¥ banksâ?? Bove.
In fact he provides a laundry list of Fed failings:
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