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US FDIC Hoenig: Too Big Too Fail Remains Threat to US Economy

“Thomas Hoenig, vice chair of the Federal Deposit Insurance Corp., said Monday the issue of "too big too fail" remains a risk to the U.S. economy and more work needs to be done on banking regulations following the 2008 financial crisis.”

“While much has been done, Hoenig said in a speech at the National Association for Business Economics' annual policy conference, ‘much remains undone and I suspect that 2014 will prove to be a critical juncture for determining the future of the banking industry and the role of regulators within that industry,’”