“What we should probably do is go and split up investment banking from banking, have banks be deposit takers, have banks make commercial loans and real estate loans and have banks do something that’s not going to risk the taxpayer dollars, that’s not too big to fail,”
WHo is this? Some radical Marxist like Elizabeth Warren? an Anti-capitalist nutjob like Paul Krugman? <http://tpmdc.talkingpointsmemo.com/2012/07/sandy-weill-break-up-big-banks.php?ref=fpb> Sandy Weill, former chairman of Citigroup who basically invented the 'too big to fail' bank. Weill said the model he built at Citi was “right for that time.” But “the world changed with the collapse of the housing market and the real-estate bubble … so I don’t think it’s right anymore.” Gee, now that that model fucking broke the world economy, 'it's not right anymore'. -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
