1. Thomas Hoenig, a member of the board of directors of the Federal Deposit Insurance Corporation, observed: “Americans realize that more must be done to address a threat that remains increasingly a part of our economy: financial institutions that are ‘too big to fail.” Do you agree that our concentrated financial sector is a threat that must be addressed? Explain.
2. Journalist/lecturer Richard Doak laments what he believes to be unfair and excessive pay to executives: “Executive greed has perverted risks, rewards. . . . The American system has been rigged to over- enrich those at the top.” 11 What do you think? Is greed the culprit? Has the system been “rigged,” or can we continue to count on the market to properly distribute pay?