Hoenig calls for fundamental redesign of broken financial system

 EmailPrint This Post Print This Post

The US should bust up its megabanks and impose strict laws curbing the size and complexity of financial institutions, a top Federal Reserve official told The Huffington Post. In a 45-minute interview, Federal Reserve Bank of Kansas City President Thomas Hoenig called for a fundamental redesign of a broken US financial system.

Hoenig, an unparalleled deficit- and inflation hawk, is the longest-serving Fed policy maker and a voting member of the Federal Open Market Committee (FOMC).

Click here for the article.

Source: The Huffington Post, April 2, 2010.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

More on this topic (What's this?)
Anticipating The Rate Hike
Rising Interst Rates Historically A Positive For Equity Returns
You can't really see it on this chart so you'll have to trust me
Read more on Federal Reserve at Wikinvest
OverSeas Radio Network

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

Feed the Bull