Fed Says We Gotta Let Individual Banks Fail
A healthy economy "must be able to allow individual institutions to fail,” said Thomas Hoenig, Federal Reserve Bank of Kansas City president. He's absolutely right. [NYT]
From ConsumerReports.org:
A healthy economy "must be able to allow individual institutions to fail,” said Thomas Hoenig, Federal Reserve Bank of Kansas City president. He's absolutely right. [NYT]
Mar 10, 2010 | 31 posts in the last 24 hours
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