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Author Topic: The Fed and America's Destruction?  (Read 1089 times)
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WhiskeyGirl
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« on: February 23, 2011, 09:24:20 PM »

Fed’s Hoenig: Easy Money And Too-Big-To-Fail Must End

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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.

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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
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