Tag: Glass Steagall

Break Up the Banks!

This morning on CNBC’s Squawk Box, Sandy Weill made a truly shocking remark.  If you don’t know Sandy, he built Citi into the financial conglomerate it is today, putting together my old employer Shearson Lehman, Smith Barney, Primerica, Travelers and many, many more financial companies.  Sandy was supposed to be the heir apparent at AMEX when Shearson was called Shearson/American Express, but massive egos got in the way in the roaring 1980s. One of the many causes of the 2007 […]   Read More
Date: July 25, 2012