Juggling Dynamite

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.

Stephen Roach, a professor at Yale University and former non-executive chairman for Morgan Stanley in Asia, talks about his view that the Federal Reserve will choose to go another round of quantitative easing rather than implementing a twist. Here is a direct link.

Danielle was a guest today on the Financial Survival Network with Kerry Lutz out of Greenwich, CT, discussing recent developments in the world economy and markets. You can listen to an audio clip of the discussion here.