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Business

Top Fed Official Says Megabanks Need To Shrink Or Crises Will Keep Occurring
Business  (tags: Community Banks, Derivatives, Federal Reserve, Federal Reserve Bank Of Kansas City, Financial Crisis, Financial Reform, Kansas City Fed, Main Street, Megabanks, Regulatory Reform, Tbtf, Thomas Hoenig, Too Big To Fail, Volcker Rule, Wall Street )

Judy
- 1738 days ago - huffingtonpost.com
The U.S. financial system is tilted in favor of the biggest banks, compromising the "very foundation of the economic system" and putting the nation at risk of continued crises, a top Federal Reserve official said Wednesday.
   

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