Bretton Woods Monetary Institute & Festival
“The aim of the Bretton Woods Conference was the creation of a dynamic world community
in which the peoples of every nation will be able to realize their potentialities in peace.”
Henry Morgenthau, Chairman 1944 Bretton Woods Conference & United States Secretary of the Treasury.
“The Minneapolis Plan”…
…prepared by the Federal Reserve Bank of Mhas released its Minneapolis Plan to End Too Big to Fail (TBTF).The plan calls for raising capital requirements for the largest banks, while drastically reducing burden on the smallest banks. Leaving capital requirements at current levels leaves taxpayers at risk of a future crisis and bailout. Enacting the Minneapolis Plan would reduce the 100-year chance of a crisis from the current risk of 67 percent to only 9 percent, while generating substantial benefits relative to costs.