Too Big to Fail
Latest Posts
Fed’s Hoenig: “Too Big to Fail” a Farce
Apr 21, 2009In surprisingly blunt criticism of both the government and his colleagues, Federal Reserve Bank of Kansas City chief Thomas Hoenig argued that “insolvent firms must be allowed to fail regardless of their size, market position or the complexity of operations.” His Congressional testimony Tuesday morning to the Joint Economic Committee provided some of the strongest criticism of the government bailout yet by any major figure within the Federal Reserve.
-
U.S. Seeks More Power in Seizing Firms
Mar 25, 2009 -
Bernanke: Some Banks Really Are Too Big to Fail
Mar 10, 2009 -
FDIC’s Bair: ‘Playbook’ Needed for Failure of Investment Banks
Jun 18, 2008