Sandy Weill, former Citibank chief made headlines last week when he called out that the big banks should be broken up. Note that growing big was something that Weill had pushed for when he was at the helm at Citi.
In his weekly column, Marty Zweig from the WSJ points out that merely breaking up the banks would be no easy task. His last point is one that people should pay attention to, "Investors should take the lessons of history to heart: Even if, by some legislative miracle, banks are cleft in two, they will find infinitely crafty ways to get risks back onto their balance sheets. And the additional "capital buffers" that regulators are demanding now are likely to make banks safer for society, but less lucrative for investors."
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