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Fed official: End ‘Too Big to Fail’

by Annalyn Censky, CNN Money:

Another Federal Reserve official is speaking out against Too Big to Fail policies.

Esther George, president of the Kansas City Fed, believes regulators including the Federal Reserve did not fully take advantage of rules that could have helped them curb risky banking practices leading up to the financial crisis.

“During the recent crisis, we had a number of powers that might have been used on Too Big to Fail institutions, but were not employed to any notable extent,” George said at the Levy Economics Institute’s Hyman P. Minsky Conference in New York, Wednesday.

“The most critical issue in addressing Too Big to Fail concerns is having policymakers with the resolve to follow through,” she added.

Read More @ Money.CNN.com

3 comments to Fed official: End ‘Too Big to Fail’

  • Paul Prichard (Paper Bear)

    Whoa, the Kansas City Fed is second in the pecking order of 12 regional Feds.

  • Travis

    Probably just trying to let people know that “hey, I tried to warn the FED board, I’m on the peoples side”, when the lynch mob comes.

  • J Harris

    Did we learn nothing? Mistakes can be life’s greatest learning tools.Maybe if the mistakes don’t affect you it does’t matter? They cannot see our pain, every man for themselves ,HOW SAD…….Responsibility ,honor,fairness,opportunity,security, most of all TRUST.Where’s the America I once knew and loved, I want our America back!We need leaders not politicians,if you, running for office be a leader,sometimes that means putting the people and nation first ,analyze,be open objective, before making decisions, promises,that affect us and our future.

    The world is looking at us for direction .Do the moral right thing, sometimes isn’t easy.Protect our citizen’s our country!

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