Former Citigroup CEO Weill Says Banks Should Be Broken UpSubmitted by richybear on Wed, 07/25/2012 - 20:40
Appears the gig is up. Along with the great news about Audit the Fed today. Reality of the big banks are being revealed as well.
“There is finally a growing recognition among a wide range of market analysts, financial market participants and policy makers that the repeal of Glass-Steagall was a mistake,” said Thomas Hoenig, a Federal Deposit Insurance Corp. board member and former head of the Kansas City Federal Reserve. “It’s time now to restrict banks to core services.”