“We don’t have a good legal justification for breaking up the banking system. But if I could wave a magic wand, I’d break up the banking system.”
Asked whether the big banks had gotten too big to fail, or too big to manage, Mr. Griffin said, “They’re both.” When asked about how he’d break up some of Wall Street’s largest institutions, Griffin suggested pulling the securities businesses out of the banking system.
“I would, in a sense, de-bank Goldman Sachs or Morgan Stanley”.
http://blogs.reuters.com/ben-walsh/2013/11/14/ken-griffin-wants-to-brea…
http://dealbook.nytimes.com/2013/11/12/citadels-griffin-advocates-break…
I don't see how this is portrayed as even the slightest bit controversial. Spreading the risk around equals more robust financial system. Sandy Weil's financial supermarket concept has proven to be a huge mistake, even according to him.
Autem eum deserunt aspernatur vel mollitia magnam quis. Eius accusamus magni ut non eos incidunt. Qui ad repellat distinctio.
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