ft.com — The US must fix its growing debt problems or risk a new financial crisis, Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, warned on Tuesday, adding a mounting deficit could spur inflation. ?Without pre-emptive action, the US risks its next crisis,? Mr Hoenig said in a speech at the Pew-Peterson Commission on Budget Reform.
Feb 16, 2010 View in Crawl 4
u2canfailFeb 17, 2010
We do need banking regulation. It seems that has been forgotten with all the lobby money floating around. The US will fall from grace. Why worry about inflation? OR the deficit? Goodness me, the "Walmart Syndrome" will get us eventually. That, "I want cheap, and now attitude". That leaves us with lead in toys, chemicals in our food supply, air we can't breath, and water we can't drink. It will be interesting, glad I am old.
justlisteningFeb 17, 2010
Relax people... Barney Frank clearly believes there is no major cause for concern, The financial problems are no worse than the minor problems were with FannieMae and FreddieMac! /SSSSSSSS
texanrudeboyFeb 17, 2010
You believe that?<a class="user" href="http://www.shadowstats.com/alternate_data/inflation-charts" rel="nofollow">http://www.shadowstats.com/alternate_data/inflatio ...</a>
madrigalianFeb 18, 2010
Yeah.. sorry about that. But hey, thanks guys!
moseffedFeb 18, 2010
Buried for annoying pop-up begging me to register for FREE. Lame.
ismhmrFeb 18, 2010
This is like someone working for John Gotti while saying that the mafia is bad and should go legit to the public.