Former Fed Official Bill Poole
Posted by Mary Caraccioli | Filed under Finance, Investing, Videos, World Economy, banking
Dr. William Poole, former President of the St. Louis Federal Reserve Bank and target of the famous Jim Cramer diatribe, told me he and others at the Fed absolutely didn’t see the banking crisis coming. He said, “I missed it.” In an unemotional and straightforward discussion he also didn’t rule out the Fed losing its regulatory responsibility for the banking industry. While he stopped short of actually calling for that, he did call for visibility from all regulators. In this interview he offered me his plan for fixing the banking crisis and it is not a call for sweeping regulation. Take a look. Do you agree with the plan? Feel free to comment. Thanks -Mary
Tags: banks, bill poole, federal reserve, FOMC, stress tests
