FDIC director to reveal plan to restructure banks

Thomas M. Hoenig, director of the Federal Deposit Insurance Corporation (FDIC), will discuss his plan to restructure America’s banking system during an IBM lecture Monday at Westminster College in Fulton.

“I have a proposal,” Hoenig said, “to strengthen the U.S. financial system by simplifying its structure and making its institutions more accountable for their mistakes. Put simply, my proposal would help prevent another 2008-style crisis.”

Sponsored by The Churchill Institute, Hoenig’s lecture is free and open to the public. He will speak at 4 p.m. in the Lecture Hall of the Wallace H. Coulter Science Center on the Westminster campus.

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