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Top Fed Official Wants To Break Up Megabanks, Stop The Fed From Guaranteeing Wall Street’s Profits
by Shahien Nasiripour The U.S. should bust up its megabanks and impose strict laws curbing the size and complexity of financial institutions, a top Federal Reserve official told the Huffington Post. In a 45-minute interview this week, Federal Reserve Bank of Kansas City President Thomas M. Hoenig , who’s emerged as one of the few influential voices calling for a fundamental redesign of a broken …
