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


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

Shahien Nasiripour

The U.S. should bust up its megabanks and impose strict laws curbing
the size and complexity of financial institutions, a top Federal Reserve
official told the Huffington Post.

In a 45-minute interview this week, Federal Reserve Bank
of Kansas City President Thomas M. Hoenig
, who's emerged as one of
the few influential voices calling for a fundamental redesign of a
broken U.S. financial system: