Financial Reform (Hoenig)

Financial reform: post crisis? by Thomas Hoenig, presidente of the Federal Reserve Bank of Kansas City. In the link of the todas’s lecture, indicated by Silvio Figer, Thomas exposes the worsening preponderance of institutions “too big to fail” within the U.S financial system, which became even bigger than they were before 2008. The five largest held 38% of total banking assets in 1999 versus 52% today. Presents alternatives and warns that under the law Dodd-Frank, nothing has change, and crises will occur again, with the possibility of a new crisis to cause further damage than the current.