Outspoken, Outgoing Fed Bank Pres Sees Little Value In Dodd-Frank

Borak, Donna
June 2011
Credit Union Journal;6/27/2011, Vol. 15 Issue 24, p70
Trade Publication
An interview with Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, Kansas, is presented. When asked on the shortcomings of the Dodd-Frank Act in the U.S., he explains that the law may result to financial vulnerability to taxpayers. Hoenig believes that the Dodd-Frank would put pressure on regulators and would make the financial system less safer. He also shares his views on the impact of economic crises on the U.S. banking landscape.


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