Matt Taibbi: Ludicrous Times Op-Ed Forgets Entire Year of Wall Street HistoryQuicklink submitted by Sheila Samples Permalink
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|It was riotous, side-splitting comedy last week when Sanford Weill, the onetime head of Citibank, went on CNBC to announce that he thought it was time to break up the big banks. Weill's entire argument, remember, isthat these big banks should be broken up so that the taxpayer doesn't have to rescue them. And Weill should know, because his Frankensteinian creation, Citigroup, required a $45 billion federal bailout and hundreds of billions more in federal guarantees.|
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