FDIC's Hoenig may be regulator to watch

04/1/2012 | Bloomberg Businessweek

Thomas Hoenig, who was recently confirmed to the Federal Deposit Insurance Corp. board, may be the one to watch in future regulatory business, says Brian Gardner with Keefe Bruyette & Woods. Last year, Mr. Hoenig told lawmakers that big banks should not get bailouts. "He's highly critical of the concept of too big to fail," Mr. Gardner says. "He could be a leader in the regulatory community on this idea of downsizing the biggest banks."

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