Ex-Citi chief: Break up the banks! – Salon.com

25 Jul

Saul of Tarsus?

I’m having trouble thinking of the proper simile to describe the news that Sandy Weill — the creator of Citigroup, the ur-mastermind of Too-Big-To-Fail banking, the man most responsible for repealing Glass-Steagall — now thinks that the big banks should be broken up.

Genghis Khan, on his deathbed, declaring that pacifism is the way to enlightenment? Karl Marx embracing the invisible hand of the free market as the best possible way to organize society? Ronald Reagan announcing that, guess what, government is the solution?

via Ex-Citi chief: Break up the banks! – Salon.com.

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