So sayeth the Titanic of Titans of Banking himself:
“What we should probably do is go and split up investment banking from banking, have banks be deposit takers, have banks make commercial loans and real estate loans, have banks do something that’s not going to risk the taxpayer dollars, that’s not too big to fail,” Weill told CNBC this morning.
That's Sanford Weill, ex chief of Citibank, author of the Citibank-Traveler's merger (among others) that presaged (OK: forced) the revocation of Glass-Steagall and the separation of investment and commercial banking that had stood since the Great Depression.
There's no bum like a reformed bum.
What sayeth you?