Sandy Weill has finally seen the light. It's a bit late in the day, but, hey, he's already cashed in. You and I and millions of others in the United States and elsewhere around the world are still paying the price.
Citigroup, one of the most bailed-out banks in the history of bank bailouts, has the nerve to wage a vindictive war against a securities analyst named Mike Mayo for doing nothing more than telling the truth.
The modern history of finance, combined with ever advancing technology, shows that the locus of the next crisis is not predictable. We will always be regulating to prevent the causes of yesterday's failure.