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Title: The Fed and America's Destruction? Post by: WhiskeyGirl on February 23, 2011, 09:24:20 PM Fed’s Hoenig: Easy Money And Too-Big-To-Fail Must End
Quote The maverick Fed official was also sharply critical of the regulatory overhaul passed last July, saying the risks to the U.S. economy from the largest financial institutions are even worse following the approval of the Dodd-Frank law. Quote The Fed official said the country’s largest financial institutions enjoy insulation from normal market forces that would otherwise force them to make more prudent choices. That insulation, in the form of U.S. bailouts, needs to end, he said Closing the Wall Street casino banking system? read more here - http://blogs.wsj.com/economics/2011/02/23/feds-hoenig-easy-money-and-too-big-to-fail-must-end/?mod=google_news_blog (http://blogs.wsj.com/economics/2011/02/23/feds-hoenig-easy-money-and-too-big-to-fail-must-end/?mod=google_news_blog) |