The best overall regulation the U. S. could impose is to limit the size of every financial institution so that the possibility of out right failure guides every actor.
Wednesday, May 30, 2012
Thomas Hoenig now with the FDIC
I thought so much of Thomas Hoenig's criticism of the FED when he was president of the Federal Reserve Bank of Kansas City that I blogged about his resignation last year. Saw him on Squawk Box this morning and understand why I think he is great. Good to see him at the FDIC where Sheila Baird, another who I think very highly of, use to rule. If only we could get Hoenig, Baird and & Born, Brooksley - Former head of of the CTFC, to run the Fed, Treasury and Chair of Economic adviser's, in no particular order, then I could sleep at night.
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