Federal Reserve Bank of Dallas President Richard Fisher…
In his speech, Fisher reiterated his view that the nation’s largest banks may eventually need to be broken up to prevent them from posing threats to stability and economic growth. He echoed concerns among Fed district bank presidents, including Thomas Hoenig of Kansas City and James Bullard of St. Louis, that the financial-overhaul law enacted last year may not be strong enough to solve the too-big-to-fail problem and to prevent a meltdown by one or more big banks from damaging the economy.
He also shows he’s a gambling man, betting that we finish over 3% GDP in the second half. Read the rest & watch him get all “draconian” up in here.
Read More // Fisher Says Central Bank Has ‘Done Enough if Not Too Much’ to Help Economy — Bloomberg
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