Classify Big Banks As GSEs, Says K.C. Fed Head

12 Apr 2011

Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, says the nation’s largest banks should be reclassified as government-sponsored enterprises as a result of the bailouts they received during the financial crisis.

Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, says the nation’s largest banks should be reclassified as government-sponsored enterprises as a result of the bailouts they received during the financial crisis. Speaking to a conference of states’ attorneys general, Hoenig says the activities of these ...

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