"Operations can be moved globally and capital can be accessed globally," he warned.
Someone should remind Dimon and Blankfein that a few years ago they and their colleagues on the Street almost eviscerated the American economy, and that of much of the rest of the world. The Street's antics required a giant taxpayer-funded bailout. Most Americans are still living with the results, as are millions of Europeans.
Wall Street can't have it both ways -- too big to fail, and also able to make wild bets anywhere around the world.
If Wall Street banks demand a free rein overseas, the least we should demand is they be broken up here.
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