FDIC VICE PRES. ANNOUNCES THAT GOVERNMENT HAS CREATED ARTIFICIAL MARKETS PLACING THE GLOBAL ECONOMY IN DIRE STRAITS

Thomas Hoenig , the Vice President of the FDIC, announced at the Global Economic Meeting in France that, “The market no longer determines what is adequate capital for the banking industry. Following generations of taxpayer support and ever-expanding government involvement, politicians, regulators, and lobbyists have supplanted the role of the market in determining what counts […]