Former Wall Street Executive: Complexity Of Today’s Banks ‘Makes You Weep Blood Out Of Your Eyes’

Former Wall Street Executive: Complexity Of Today’s Banks ‘Makes You Weep Blood Out Of Your Eyes’: Back in July, former Citigroup CEO Sandy Weill — who is largely credited with convincing lawmakers in Washington to shatter the Depression-era regulations separating commercial banks from risky investment banks — said that the nation’s biggest banks should be broken up. This led to an outcry from Wall Street executives, who claim that banks need [...]/p