(Source: Teamster Nation, September 10, 2013)
WASHINGTON, D.C. — The Teamsters have long called for financial reform. Now a retired Citigroup chief executive who was once one of Wall Street’s biggest proponents of the creation of mega-banks has seen the light. John Reed, who led Citigroup from 1984 to 2000 and then served as the head of the New York Stock Exchange, now says banking rules need to be changed to avoid another economic crash.
Well, better late than never.
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