Simplifying complex financial companies by breaking them up along business lines will end subsidized risk taking, resulting in greater competition, accountability, and stability to support the long-run growth of the U.S. economy. Risk taking is a vital part of the financial system. Let's let it thrive by moving broker-dealer and shadow-banking activities outside of the safety net and its subsidy so they can be subject to the forces of the market, and limit commercial banks to the core intermediation activities the safety net was intended to protect, activities essential to a well-functioning economy. More details
Speeches
April 15, 2015 |
A Conversation about Regulatory Relief and the Community Bank: presented to the 24th Annual Hyman P. Minsky Conference; National Press Club, Washington, DC |
March 2, 2015 |
Financial Supervision: Basic Principles presented to the Institute of International Bankers Annual Washington Conference; Washington, DC |
November 5, 2014 |
A Credible Case for Resolving Through Bankruptcy Presented to the George Washington University Law School conference on Financial Stability After Dodd Frank: Have We Ended Too Big to Fail?; Washington, DC |
May 7, 2014 |
Can We End Financial Bailouts? presented to the Boston Economic Club Boston, Massachusetts |
February 24, 2014 |
Presentation to the National Association for Business Economics, 30th Annual Economic Policy Conference; Arlington, Virginia |
December 13, 2013 |
Global Banking: A Failure of Structural Integrity presented to the Institute of International and European Affairs; Dublin, Ireland
Chart - Consolidation of the Credit Channel |
September 2013 |
Lehman Brothers: Looking Five Years Back and Ten Years Ahead Presented to the National Association of Corporate Directors, Texas TriCities Chapter Conference, Houston, Texas |
April 24, 2013 |
Financial Stability: Incentives Matter Remarks to The Asian Banker Summit; Jakarta, Indonesia |
April 17, 2013 |
A Turning Point: Defining the Financial Structure presented to 22nd Annual Hyman P. Minsky Conference at the Levy Economics Institute of Bard College; New York, NY |
November 30, 2012 |
Financial Oversight: It's Time to Improve Outcomes to the AICPA/SIFMA FSA National Conference; New York, NY |
September 19, 2012 |
Financial Stability Through Properly Aligned Incentives delivered to the Exchequer Club, Washington, D.C. |
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Archived speeches delivered as President of the Federal Reserve Bank of Kansas City |
Testimony
Statements, Letters, Op-eds, and Other Material
June 17, 2015 |
Letter to the Editor, Wall Street Journal - Published June 15, 2015 |
December 10, 2014 |
Statement from FDIC Vice Chairman Hoenig on Congressional moves to repeal swaps push-out requirements |
August 13, 2014 |
TBTF Subsidy for Large Banks--Literature Review (August 2014) |
January 28, 2014 |
Letter to the Editor, Wall Street Journal - Published February 2, 2014 |
December 10, 2013 |
Statement on the Volcker Rule
Statement on the Single Point of Entry Strategy |
November 2013 |
"Restructuring the Banking System to Improve Safety and Soundness," a white paper by Thomas M. Hoenig and Charles S. Morris (Original: May 2011; revised November 2013) |
March 28, 2013 |
Stop Subsidizing Wall Street; The Washington Post |
March 15, 2013 |
Letter to Bipartisan Policy Center |
January 17, 2013 |
Banking Safety Net Makes Wall Street Dangerous; American Banker |
December 2012 |
Restructuring the Banking System to Improve Safety and Soundness - (Original: May 2011; Revised: December 2012) PDF (PDF Help) |
June 11, 2012 |
No More Welfare for Banks; Wall Street Journal |
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