Liberal Democracy

Liberal Democracy
The Free State

Thursday, July 26, 2012

Forbes Magazine: 'Ex-Citi Chief: Split Up Big Banks'


Source:Forbes Magazine- ex-Citi Bank head Sandy Weill.

"Why Sandy Weill's recent statement is poppycock.  Plus, Facebook earnings on deck, and Sheila Bair's harsh words for big time bankers." 

From Forbes Magazine

I like what the two guys in this Forbes video were saying. Saying now that the big banks should be broken up, after you contributed to the huge financial meltdown of 2007-08, that the country is still paying for, is like a bank robber giving a speech about why you shouldn't rob banks, right before he's sentenced. Where was this before the actual crisis happened? And why should anyone with intelligence, who also happens to be sane and sober, all at the same time, listen to Sandy Weill about anything?

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