Nov
6th
Fri
6th
John S. Reed, who helped engineer the merger that created Citigroup 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.
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Reed Says ‘I’m Sorry’ for Role in Creating Citigroup (Update1) - Bloomberg.com
Imagine if Sandy had lost instead. Muscle vs brains. Shareholders made a very poor choice (and paid for it.)
