Thomas Hoenig

Interest Rates Are Too Low!

Lyric Hughes Hale | Posted 03.14.2012

Read More: European Debt Crisis, Interest Rates, Milton Friedman, Economy, Economic Crisis, European Union, Ben Bernanke, Iran, Thomas Hoenig, China, Business News

What would happen if the central banks of the world, and the handful of people who run monetary policy, decided that they would all maintain the same interest rate?

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Obama Nominates Big Bank Critic To Key Financial Regulatory Post

Posted 12.21.2011

Read More: Hoenig Fdic, White House, Video, Thomas Curry, Fdic, Hoenig Obama, Federal Deposit Insurance Corporation, Barack Obama Financial Industry, Thomas Hoenig, Banking Industry, Business News

President Barack Obama on Thursday nominated a prominent critic of large banks for a key banking industry regulatory post. The White House said...

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Financial Reform Destined To Fail, Top Federal Reserve Official Says

HuffingtonPost.com | Shahien Nasiripour | Posted 08.28.2011

Read More: Thomas-Hoenig-Too-Big-to-Fail, Dodd-Frank, Sifis, Financial Reform, Too Big to Fail, Basel III, Hoenig Financial Reform, Tom Hoenig, Thomas Hoenig, Thomas-Hoenig-Tbtf, Business News

WASHINGTON -- Reforms instituted after the financial crisis to prevent future taxpayer-funded bailouts are bound to fail and will likely be weakened w...

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Fed Needs To Raise Rates To Avoid Bubble, Fed Official Says

Bloomberg | Posted 07.29.2011

Read More: Interest Rates, Asset Bubbles, Economic Crisis, Business News, Financial Crisis, Federal Reserve, Ben Bernanke, Kansas City Fed, Thomas Hoenig, Savings, Business News

May 29 (Bloomberg) -- Federal Reserve Bank of Kansas City President Thomas Hoenig, the central bank’s longest-serving policy maker, said the U.S. ne...

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Fed Official: Let Big Firms Fail

Posted 06.07.2011

Read More: Dodd-Frank Act, Jeffrey Lacker, Large Financial Firms, Wall Street, Too Big to Fail, Financial Crisis, Federal Reserve, Housing Finance Reform, Ben Bernanke, Sec, Thomas Hoenig, Securities and Exchange Commission, Business News

ROANOKE, Virginia (Pedro Nicolaci da Costa) - Large financial firms should be allowed to fail or they will continue to take excess risks that lead...

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Bernanke: Dodd-Frank Should 'Level Playing Field' For Small Banks

Reuters | Dave Clark | Posted 05.25.2011

Read More: Community Banks, Watson, Federal Reserve Bank, Small Banks, Richard Fisher, Ben Bernanke, Thomas Hoenig, Jeopardy, Wall Street, Ibm, Big Banks, Financial Regulations, Dodd-Frank Bill, Business News

SAN DIEGO - New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support f...

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Fed Governor: Too Big To Fail Is Worse Than Ever

New York Times | Thomas M. Hoenig | Posted 05.25.2011

Read More: Tbtf, Thomas Hoenig, Federal Reserve, Thomas Hoenig Tbtf, Thomas Hoenig Too Big to Fail, Too Big to Fail, Business News

THE world has experienced a severe financial crisis and economic recession. The Treasury and the Federal Reserve took actions that saved businesses an...

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Fed Signals It May Take Futher Steps To Boost The Economy

Yahoo! Finance | Jeannine Aversa, AP Economics Writer | Posted 05.25.2011

Read More: Quantitative Easing, Fomc, Federal Reserve, Fed Minutes, Thomas Hoenig, Qe2, Fomc Release, Business News

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Thomas Hoenig, Federal Reserve Governor, Is Fed Up

BusinessWeek | Paul M. Barrett and Scott Lanman | Posted 05.25.2011

Read More: Fed, Federal Reserve, Thomas Hoenig Fed, Thomas Hoenig, Business News

Thomas M. Hoenig, dressed in a gray suit, white shirt with French cuffs, and baby-blue tie, faces an edgy crowd of 150 people in a hotel meeting room ...

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Government Tactic: Help Banks by Lying to Homeowners

Richard Zombeck | Posted 05.25.2011

Read More: Treasury Department, The Financial Fix, Tarp, Obama Administration, Bailout, Hamp, Housing Crisis, Unemployment, Foreclosure, Business News, Home Affordable Modification Program, Thomas Hoenig, Financial Crisis, Business News

The only real strategy a homeowner has is to apply for a loan modification using the same strategy the banks, servicers, and apparently the Administration, and Treasury have used against them.

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White House Defends Lackluster Foreclosure Programs

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Interest Rates, Tarp, The Financial Fix, Making Home Affordable, Mha, Obama Administration, Homeowners, Housing Crisis, Hamp, Unemployment, Bailout, Home Affordable Modification Program, Financial Crisis, Foreclosure, Thomas Hoenig, Business News

Policymakers will likely keep mortgage rates low for the next several years because it's the best and cheapest way to heal the housing market, a senio...

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Federal Reserve's Low Rate Policy Is A 'Dangerous Gamble,' Says Top Central Bank Official

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Interest Rates, The Financial Fix, Financial Reform, Too Big to Fail, Wall Street Reform, Federal Reserve, Monetary Policy, Financial Regulatory Reform, Great Recession, Financial Crisis, Fomc, Kansas City Fed, Thomas Hoenig, Federal Reserve Bank of Kansas City, Financial Regulation, Federal Open Market Committee, Video, Business News

A top regional Federal Reserve official sharply criticized Friday the Fed's ongoing policy of keeping interest rates near zero -- and at record lows -...

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Thomas Hoenig, Top Fed Official, Warns Fed Risks Repeating Past Mistakes

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Interest Rates, The Financial Fix, Financial Reform, Federal Reserve, Wall Street, Financial Crisis, Fomc, Kansas City Fed, Thomas Hoenig, Federal Reserve Bank of Kansas City, Federal Open Market Committee, Business News

Nine of the 10 policy makers in the Federal Reserve voted to send a message Tuesday that the economic recovery is weakening and needs further stimulus...

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Geithner Admits Regulatory Failures, Reiterates Support For Empowering Regulators

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: The Financial Fix, Financial Crisis Inquiry Commission, Wall Street Reform, Financial Reform, Fcic, Federal Reserve Bank of New York, Leverage, Megabanks, Tbtf, Federal Reserve, Financial Crisis, Timothy Geithner, Thomas Hoenig, Too Big to Fail, Citigroup, Video, Business News

Treasury Secretary Timothy Geithner and the Federal Reserve's longest-serving top official reiterated their calls Thursday to rein in the nation's fin...

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Banks Keep Derivatives Units, Volcker Rules Softened

HuffingtonPost.com | Shahien Nasiripour | Posted 06.25.2010

Read More: The Financial Fix, Derivatives, Derivatives Reform, Swaps, Financial Reform, Wall Street Reform, Collin Peterson, Volcker Rule, Paul Volcker, Blanche Lincoln, James Bullard, Financial Crisis, Richard Fisher, Timothy Geithner, Thomas Hoenig, Financial Regulation, Business News

This report was updated Friday at 10:25 a.m. ET and on Monday at 2:45 p.m. ET (see below). After nearly 20 hours over two final days filled with back...

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Geithner Stresses Need For 'Clear Rules' For Wall Street, But Senate Bill Doesn't Have Them

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Regulatory Reform, Wall Street Reform, Financial Reform, Christopher Dodd, Finreg, Financial Regulation, Ed Royce, Raj-Date, Dodd Bill, Paul Kanjorski, Financial Crisis, Timothy Geithner, Thomas Hoenig, Video, Business News

In yet another sign that the country can't rely solely on regulators to police the financial system, Treasury Secretary Timothy Geithner told Congress...

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

New York Times | Posted 05.25.2011

Read More: Wall Street Reform, Financial Crisis, Thomas Hoenig, Wall Street, Too Big to Fail, Regulatory Reform, Federal Reserve, Business News

Unfortunately, the proposal for regulatory reform now before the Senate does not eliminate the concept of too-big-to-fail, and it deliberately narrows...

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St. Louis Fed Chief Calls For Megabanks To Be Broken Up, Joins Other Top Fed Officials

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, The Financial Fix, Federal Reserve, St. Louis Fed, Federal Reserve Bank of St. Louis, James Bullard, Fomc, Megabanks, Too Big to Fail, Tbtf, Thomas Hoenig, Richard Fisher, Financial Reform, Regulatory Reform, Wall Street Reform, Business News

A third top Fed official is calling for megabanks to be broken up. James Bullard, president and chief executive of the Federal Reserve Bank of St. Lo...

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Obama's Treasury Dept Working To Defeat Derivatives Proposal 'Of Utmost Importance' To Reforming Wall Street

HuffingtonPost.com | Shahien Nasiripour | Posted 06.14.2010

Read More: Derivatives, Neal Wolin, Financial Reform, Swaps, Barney Frank, Wall Street Reform, Christopher Dodd, Collin Peterson, Paul Volcker, Michael Barr, Megabanks, Blanche Lincoln, Richard Fisher, Financial Crisis, Timothy Geithner, Thomas Hoenig, Financial Regulation, Business News

A Senate proposal to force banks to shed their lucrative yet risk-laden derivatives units -- which is vehemently opposed by Wall Street -- is gaining ...

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Top Hawk On Fed Supports Restricting Banks' Derivatives Bets, Goes FURTHER Than Obama

HuffingtonPost.com | Shahien Nasiripour | Posted 06.10.2010

Read More: Broker-Dealers, Derivatives, Financial Reform, Too Big to Fail, Christopher Dodd, Credit Default Swaps, Financial Regulatory Reform, Megabanks, Blanche Lincoln, Tbtf, Wall Street, Financial Crisis, Timothy Geithner, Thomas Hoenig, Financial Regulation, Glass-Steagall, Video, Business News

The top fiscal hawk and longest-serving policy maker in the Federal Reserve supports limiting banks' derivatives activities, a potential blow to Wall ...

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Richard Fisher, Top Fed Official: Too Big To Fail Lives On, Only Way Out Is To Shrink Megabanks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Federal Reserve Bank of Dallas, Wall Street Reform, Financial Reform, Ben Bernanke Federal Reserve, Christopher Dodd, Federal Reserve, Larry Summers, Dallas Fed, Barack Obama, Financial Regulation, Megabanks, Tbtf, Wall Street, Richard Fisher, Financial Crisis, Timothy Geithner, Thomas Hoenig, Too Big to Fail, Business News

A top Federal Reserve official blasted the Senate's financial reform bill Thursday night, arguing that it does little to end the perception that megab...

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Top Fed Official Wants To Break Up Megabanks, Stop The Fed From Guaranteeing Wall Street's Profits [EXCLUSIVE]

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Click on the next page and scroll down for audio of the interview The U.S. should bust up its megabanks and impose strict laws curbing the size and c...

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Top Fed Official Says Megabanks Need To Shrink Or Crises Will Keep Occurring

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Community Banks, Derivatives, Financial Reform, Wall Street vs Main Street, Volcker Rule, Main Street, Megabanks, Tbtf, Federal Reserve, Regulatory Reform, Financial Crisis, Kansas City Fed, Thomas Hoenig, Federal Reserve Bank of Kansas City, Too Big to Fail, Wall Street, Video, Business News

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...

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Dallas Fed President: Break Up Big Banks

James Kwak | Posted 05.25.2011

Read More: Too Big to Fail, Federal Reserve, Richard Fisher, Thomas Hoenig, Big Banks, Break Up the Banks, Business News

Seen in an abstract light, we can have no assurance that any new regulations will actually work to prevent a financial crisis or defuse one, so the safer option is to break up the big banks.

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Geithner Replacement? 'Tom Hoenig For Treasury,' Says Simon Johnson

baselinescenario.com | Posted 05.25.2011

Read More: Treasury Department, Geithner Replacement, Tom Hoenig, Thomas Hoenig, Tim Geithner, Geithner Being Pushed Out, Business News

The White House is floating, ever so gently, the notion that they are open to nominations for the position of "Tim Geithner's Successor." It's not ...

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