"A top Federal Reserve official Wednesday said the U.S. central bank was risking a new financial crisis with its easy-money policies and urged regulators to break up the biggest banks.
Kansas City Federal Reserve Bank President Thomas Hoenig, one of the Fed's most outspoken internal critics, warned monetary policy should be tailored "so you don't overshoot and cause the next crisis."
Same story as reported at ZeroHedge.com:
UPDATE: Yesterday I got one hit from the Federal Reserve in Kansas City; so now I can legitimately claim:
"Someone at the Fed has been reading the Bonnie Blue Blog."