And Wow: Fed's Hoenig Says United States Has "Deeply Undermined Free-Market Capitalism"

And Wow: Fed's Hoenig Says United States Has "Deeply Undermined Free-Market Capitalism"


Submitted by Tyler Durden on 02/23/2011 12:33 -0500
The Fed mutiny has arrived:
•HOENIG SAYS U.S. HAS `DEEPLY' UNDERMINED FREE-MARKET CAPITALISM

•HOENIG WARNS OF ESCALATING SERIES OF CRISES WITH RISING COSTS

•HOENIG: LARGE FINANCIAL FIRMS CAN EXPECT BAILOUTS IN FUTURE

•HOENIG SAYS BIG FINANCIAL FIRMS MUST NOT HOLD ECONOMY `HOSTAGE'

•HOENIG: LARGE FIRMS WERE `GAMING' CAPITAL STANDARDS PRE-CRISIS

•HOENIG:BIG FIRMS `HAVE SIGNIFICANT INCENTIVES' TO INCREASE RISK

•HOENIG: TOO-BIG-TO-FAIL FIRMS POSE `GREATEST RISK' TO ECONOMY

•HOENIG SAYS BIG FINANCIAL FIRMS ENJOY `HUGE' FUNDING ADVANTAGE

And the last one:
•FED'S HOENIG SAYS `HISTORY IS ON MY SIDE'