It’s nice to know 2,300 employees were willing to sacrifice their careers to pay for two men’s 33% pay raise.
The momentum continues to build in Washington against too-big-to-fail banks, but is it enough?
With criticism of the Big Banks coming from all sides, breaking them up may actually be a (slim) possibility.
$780bn is almost the exact cost of the entire 2009 economic stimulus: $787bn. But banks get it every year.
US Attorney General Eric Holder say banks are simply too big to prosecute. Okay, then break them up.
“In large part, the profits they report are essentially transfers from taxpayers to their shareholders.”
Warren to bank regulators: “Can you identify the last time you took the Wall Street banks to trial?”
Clintonista and former Citi executive, Robert Rubin, still lives in fantasy-land.