“St. Louis Fed President Jim Bullard recently laid out four criteria that a bank needs to be split up — namely, if its assets are too voluminous, if it’s too leveraged, if it has too much short-term funding of longer term assets and if it creates too much systemic risk. Alex Pollock said of the Fed: It’s too big, with over $3.3 trillion in assets, it’s too leveraged at 60 to 1, it’s extremely short-funded and it’s ‘a frequent contributor through its interest rate and money-printing action of gigantic systemic risk.’ ‘Therefore, it follows pretty clearly from the same logic that we should break up the Fed,’ said Pollock, a former bank CEO.”
http://www.moneynews.com/FinanceNews/Pollock-Fed-too-big-to-fail-break/2013/05/16/id/504880
