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Fed's Hoenig On Too-Big-To-Fail Bank Policies

Monday, August 23, 2010 - 7:54 PM
We know Thomas Hoenig as the sole dissenter on the extreme low-rate policy at the FOMC. Today he focused on another topic: how too-big-to-fail policies have put community banks at a disadvantage. Here's an excerpt from WSJ's Real Time Economics blog:
Hoenig has been a persistent critic of policies he believes allows the nation’s largest banks, the top 20 of whom hold 80% of the nation’s total banking assets, to operate with the perception they will not be allowed to fail.



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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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