03/06/2023
https://www.congress.gov...
"As everyone in this room knows, in late 2008 a financial crisis threatened to bring the worldwide economy to its knees."
"we are concerned about the financial system. We're concerned that no institution should be able to present significant risk to the financial system."
"the market clearly perceives that there is a too big to fail guarantee, and the market is rating Citi higher because of that."
"It is really three different kinds of businesses combined: a commercial bank, an investment bank, and an insurance company."