Minneapolis Fed President Kashkari's presentation at the 33rd Annual NABE Economic Policy Conference

Key highlights from Minneapolis Fed President and CEO Neel Kashkari's presentation, titled "Ending Too Big To Fail - The Minneapolis Plan” at the 33rd Annual NABE Economic Policy Conference:

• Long-term debt will not take losses/convert to equity
• Only 50% of cost of additional equity reduces GDP
• Follow IMF approach to estimating chance of a bailout
• Most banks will choose to restructure and become non-systemic
• Shadow bank tax equalizes funding costs across sectors