1. Unhypnotized

    Big banks are government-backed: Fed’s Hoenig

    Joe Rauch Reuters April 13, 2011 Big banks like*Bank of America Corp*and*Citigroup Incshould be reclassified as government-sponsored entities and have their activities restricted, a senior Fed official said on Tuesday. The 2008*bank bailouts*at the height of the financial crisis and other...
  2. Unhypnotized

    Lone voice warns of debt threat to Fed

    Alan Rappeport Financial Times Wednesday, February 17th, 2010 The US must fix its growing debt problems or risk a new financial crisis, Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, warned on Tuesday, adding a mounting deficit could spur inflation. Mr Hoenig said that...