Regulate, Don't Split Up, the Huge Banks

Steven Rattner, New York Times
Last week, Sanford I. Weill, the mastermind behind the creation of the colossus now known as Citigroup, shook the New York-Washington axis by calling for the dismantling of megabanks. It was as if John D. Rockefeller had proposed the breakup of Standard Oil.But Mr. Weill’s musings are an ill-advised distraction. Instead of focusing our attention on the worrisome risks that remain, four years after the financial crisis, he diverted attention to a tiresome debate over whether the Glass-Steagall Act, the 1933 banking law that separated commercial banking from investment banking, should...

embroidery lessons online