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Friday, November 06, 2009

He Won't Do It Again

by Jay Allbritton
I know I regret all the supermassive financial leviathans I created that ruined the entire global economy.

From Bloomberg:
Nov. 6 (Bloomberg) -- John S. Reed, who helped engineer the merger that createdCitigroup Inc., apologized for his role in building a company that has taken $45 billion in direct U.S. aid and said banks that big should be divided into separate parts.

“I’m sorry,” Reed, 70, said in an interview yesterday. “These are people I love and care about. You could imagine emotionally it’s not easy to see what’s happened.”
Well, that oughta just about wrap up that debate.

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