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How the New York Times Tries to Cover Its Ass on Glass-Steagall


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How the New York Times Tries to Cover Its Ass on Glass-Steagall

Matthew Rothschild

So Sandy Weill, former head of Citigroup, woke up one morning this week to the epiphany that the banks are too big to fail and should be chopped up. Well, that’s not exactly cause for bestowing an honor on the guy.

After all, he was the chief architect of too big to fail.

He was the prime mover behind destroying Glass-Steagall, the New Deal law that built a wall between commercial banking and investment banking.