Share

From this page you can share Citigroup: Too Big to Fail? to a social bookmarking site or email a link to the page.
Social WebE-mail
Enter multiple addresses on separate lines or separate them with commas.
Citigroup: Too Big to Fail?
(Your Name) has forwarded an article to you from CommonDreams.org: Citigroup: Too Big to Fail?

(Your Name) forwarded this article to you from CommonDreams.org.

Sign up here if you would like to receive daily news from CommonDreams.org.

Citigroup: Too Big to Fail?

The fall of Citigroup is a resonant political event--akin to the Republican Party's failure to win reform of Social Security--only this time the bell tolls for the Democratic Party. The creation of Citigroup as an all-purpose financial supermarket and too-big-to-fail banking marvel was very much the accomplishment of Clinton Democrats. They enacted the law in the late 1990s that authorized this megabank monstrosity, with coaching from Treasury Secretary Robert Rubin, Fed chairman Alan Greenspan and of course Sanford Weill, the creative genius who built Citi.