Deborah (26 Feb 2011)
"Shocker: Kansas City Federal Reserve Bank President Thomas Hoenig calls for Wall Street banks to be broken up"

 

Shocker: Kansas City Federal Reserve Bank President Thomas Hoenig calls for Wall Street banks to be broken up

A member of the US Federal Reserve has called for Wall Street's financial giants to be broken up to avoid another another crisis.

“I am convinced that the existence of too-big-to-fail financial institutions poses the greatest risk to the US economy,” Kansas City Federal Reserve Bank President Thomas Hoenig said.

“They must be broken up. We must make sure that large financial organizations are not in position to hold the US economy hostage. ……


I am convinced this guy is right.  I am also concerned for this man's well-being for making such a 'politically incorrect' but RATIONAL statement.