This is the same Weill who had lobbied to gut Glass-Steagall in order to build today’s Citigroup, which put insurance companies, securities dealers, and traditional deposit-taking banks all under one roof. In fact, he engineered an agreement to merge Citi with a large insurer – illegal at the time under Glass-Steagall – and then pushed for the law’s repeal, so that the merger could proceed.
上个月，花旗集团前CEO桑迪·维尔（Sandy Weill）称允许商业和投资银行合并是一个错误。而正是这个桑迪·维尔，当年通过游说废除格拉斯-斯蒂格尔法案在就了今天在同一块招牌下兼营保险公司、证券经纪行和传统吸储银行的花旗集团。事实上，当年维尔先促成了花旗和某大型保险商的合并意向——当时，根据格拉斯-斯蒂格尔法案，这是非法的——然后设法推动了该法案的废除，从而让合并得以成行。