Fed’s newest member suggests breaking up Wall Street banks

By Lindsay Dunsmuir and Jason LangeWASHINGTON (Reuters) – The U.S. Federal Reserve’s newest policymaker on Tuesday 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, Neel Kashkari urged a radical shakeup of Wall Street’s banks, straddling the line between the Fed’s policyma