Thomas Hoenig: Top Fed Official Says Financial Reform Favors Wall Street Over Main Street

06/18/2010 05:12 am ET | Updated May 25, 2011
  • New York Times

Unfortunately, the proposal for regulatory reform now before the Senate does not eliminate the concept of too-big-to-fail, and it deliberately narrows the central bank's focus to Wall Street alone. This undermines reform in at least two important ways.

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