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Thursday
Jul262012

Sheila Bair 'Flabbergasted' By Sandy Weill's Call To Break Up Mega-Banks (CNBC Interview)

Pretty decent interview with the former FDIC Chairman yesterday on CNBC.  She agrees with Weill and calls for a market-driven break-up of Citigroup, JPMorgan and Bank of America as a means of unlocking hidden shareholder value.  Imagine, trillions in mismarked assets just waiting to spun off into entities that no one will want.

Transcript at CNBC...

 

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Reader Comments (2)

Yes, the big bank should be broken up. I ask why has the "Prompt Corrective Action Law" not been enforced? Instead of the managers of the big banks getting million dollar bonuses, they should be spending time in jail for the fraud they commited. Bring the big banks back into the realm of reality.
Jul 27, 2012 at 1:53 AM | Unregistered CommenterEarl

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