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<\/p>\n
It\u2019s nothing less than a remarkable about-face. One of the architects of mega banking is now calling for the breakup of the world\u2019s largest banks. Sandy Weill, formerly CEO of Citigroup, told CNBC:<\/p>\n
\u201cWhat we should probably do is go and split up investment banking from banking, have banks be the deposit takers, have banks make commercial loans and real estate loans, have banks do something that\u2019s not going to risk the taxpayer dollars, that\u2019s not too big to fail.\u201d<\/em><\/p>\n Sanford “Sandy” Weill:<\/strong><\/p>\n <\/strong>American banker, financier and philanthropist It\u2019s nothing less than a remarkable about-face. One of the architects of mega banking is now calling for the breakup of the world\u2019s largest banks. Sandy Weill, formerly CEO of Citigroup and Director of the Federal Reserve Bank of NY, told CNBC:<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-20571","post","type-post","status-publish","format-standard","hentry","category-short-video-clips"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/20571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=20571"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/20571\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=20571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=20571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=20571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nFormer Citigroup Chairman & CEO
\nFormer Director Federal Reserve Bank of NY
\nLifetime Member Council of Foreign Relations
\nChairman Board of Trustees Carnegie Hall
\nChairman of the Board of Weill Cornell Medical College
\nFounder & Chairman of the National Academy Foundation
\nTrustee Emeritus of Cornell University
\nhttpv:\/\/www.youtube.com\/watch?v=mZ_fvnN9P2Q<\/p>\n","protected":false},"excerpt":{"rendered":"