Files under General | Feb
4th
You cannot say more in fewer words:
“Too big to fail, too shit to buy.”
“Ciitigroup has more employees than the American navy and, apparently, greater destructive power.”
“It may be inevitable that some banks are too big to fail; but the lesson of Citi is that they can also be too big to manage.”
Brilliant!
From The Economist’s A house built on Sandy.