Citigroup CEO Says U.S. Banks The Rig...

Citigroup CEO Says U.S. Banks The Right Size

There are 5 comments on the Fox News story from Oct 11, 2012, titled Citigroup CEO Says U.S. Banks The Right Size. In it, Fox News reports that:

Citigroup Inc.'s Chief Executive Vikram Pandit sought to brush aside calls for breaking up banks considered too big to fail, saying diversified financial institutions are "in line with what the clients need and how the market has evolved," The Nikkei reported in its Friday morning edition.

Join the discussion below, or Read more at Fox News.

Chuck Blakeman

Littleton, CO

#1 Oct 11, 2012
In 2009 through much of 2010, the National Security Administration rated our economy as the #1 security threat, above terrorism. The top 15 banks were identified as too big to fail because allowing them to fail was a security risk to our nation.

The job of Congress is to protect us from all threats, "foreign and domestic." In response to this domestic threat, Dodd-Frank was passed to ensure banks were never going to be too big to fail again. The result? The top 15 banks now hold a larger share of the market than they did in 2009 when they were declared too big.

If the big banks were a threat to our national security because they were too big to fail in 2009, and they are all now bigger today, how is this in the long-term best interests of our nation?

The CEO of Citi Bank has no concern in the threat these banks pose to our national security. Nothing exposes the self-interest of the banks more than his position that bigger today is even better than big in 2009.

An unconscionable position to take, unless of course you put your bank ahead of your nation. We know where the CEO of Citi Bank, and the other 15 giant banks stand.

Since: Oct 12

Lewiston, NY

#2 Oct 12, 2012
There is only one problem: Who knows Who will be the CEO of Citibank before long???

Since: Oct 12

Lewiston, NY

#3 Oct 12, 2012
Chuck Blakeman wrote:
In 2009 through much of 2010, the National Security Administration rated our economy as the #1 security threat, above terrorism. The top 15 banks were identified as too big to fail because allowing them to fail was a security risk to our nation.
The job of Congress is to protect us from all threats, "foreign and domestic." In response to this domestic threat, Dodd-Frank was passed to ensure banks were never going to be too big to fail again. The result? The top 15 banks now hold a larger share of the market than they did in 2009 when they were declared too big.
If the big banks were a threat to our national security because they were too big to fail in 2009, and they are all now bigger today, how is this in the long-term best interests of our nation?
The CEO of Citi Bank has no concern in the threat these banks pose to our national security. Nothing exposes the self-interest of the banks more than his position that bigger today is even better than big in 2009.
An unconscionable position to take, unless of course you put your bank ahead of your nation. We know where the CEO of Citi Bank, and the other 15 giant banks stand.
Who knows Who will bbe the CEO before long???

Signed A Justday

Since: Nov 12

Philippines

#8 Sep 23, 2014
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Nonsense at best

Dunkirk, NY

#9 Sep 23, 2014
A Bunch of Nonsense at best...

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