big bank breakup

Are the big banks too big. Are they too much to too many people? On CNBC's Squawkbox this morning, Sanford Weill, former CEO of CitiBank, said yes they are. He stated that the investment banking parts of the big banks should be separated from the other units. This would make balance sheets easier to read.

Mr. Weill said banks need to be depositors of money and make commercial loans. He also added that they need not put taxpayer money at risk. Very simple words for a very complicated time. That's what we need more of.
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