Sandy Weill has been named one of the top 5 architects of the financial crisis. As head of Citi in the late 90’s, Weill cobbled together the first great financial supermarket, Citigroup. Along the way, Weill’s acquisitions (Smith Barney, Travelers, etc.) and persistent lobbying shattered Glass-Steagall, the law that limited the investing risks banks could take. Today he does an about face: time to break up the big banks and stop having taxpayers underwrite investment bank risks. Here is a direct link.
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