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Old April 12th, 2011, 06:56 PM   #1
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Joined: Jan 2009
From: US
Posts: 5,841

Fed's Hoenig calls it like it is- big banks are government backed


Once more Thomas Hoenig is one of the only sane voices in the Fed, making a public statement that the big banks are essentially government sponsored enterprises and should be treated as such. Personally, I'd rather take it the other way and cut off the government entanglements so they can eat their own losses instead of having the taxpayers do it.
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