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Higher For Longer | Robert Kaplan, Former Dallas Fed President & CEO
Forward Guidance
The Banking System Has Less Capital Than We Would Have Thought
The banking system is not as well capitalized as the Fed thought it was three or four months ago, he says. "You can't say to all those banks now raise more capital because they can't easily raise capital" The only thing you can do are force some of these small mid-sized banks to merge and that's probably why Janet Yellen said we may see more bank mergers than we would have otherwise.
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