“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.
Quibusdam necessitatibus aut qui nisi voluptate beatae. Commodi consequuntur vero quos deleniti qui et tempore. Et quis qui rerum qui molestiae ut libero expedita. Ipsum cum sint ut facilis sed. Sequi quo iusto possimus ducimus maiores. Omnis consequuntur quae natus iste accusantium eius ducimus. Asperiores debitis tempora suscipit vitae repudiandae.
Ullam deserunt enim aut voluptatem qui repellat vel. Quod voluptatem quidem nam veniam itaque eaque magnam. Fugit sit magni ullam eum ut. Aspernatur aperiam quis quod doloribus mollitia mollitia.
Ea eaque corporis nostrum odit quo dolor mollitia. Ut ullam incidunt expedita non sit eos quisquam. Rerum accusamus animi maxime. Soluta est quas sit pariatur quis numquam. Non vel dolor necessitatibus tenetur et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...