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Thomas M. Hoenig, Vice Chairman Of FDIC Offers Devastating Critique

Friday, February 28, 2014 - 7:41 AM
"It is unusual for a senior government official to produce a short, clear analytical paper. It is even rarer when the official’s argument both cuts to the core of the issue and amounts to a devastating critique of the existing order. In a speech delivered on February 24, Thomas M. Hoenig, Vice Chairman of America’s Federal Deposit Insurance Corporation (FDIC), did exactly that."

  http://www.project-syndicate.org/...dical-cr..
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