Alumnus Kashkari

Reuters (Feb. 16) -- The U.S. Federal Reserve's newest policymaker called on lawmakers to consider "bold, transformational" rules including the breaking up of the nation's largest banks to ensure taxpayers are no longer on the hook should they fail. In his first speech as head of the Minneapolis Fed, engineering alumnus Neel Kashkari urged a radical shakeup of Wall Street's banks, straddling the line between the Fed's policymaking remit and political advocacy. A former senior Treasury official, Kashkari managed a key part of the banking and auto industry bailouts during the financial crisis. Also: Los Angeles Times (Feb. 16).