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Now retired, Mr Reed firmly believes that the business logic behind the transaction was flawed, and that the old Glass-Steagall division should be reinstated. Mr Reed first expressed this view soon after the crisis erupted. Last year Sandy Weill, the other main architect of the Citicorp-Travelers deal, changed his position to support breaking up the banks.
Falls euch die FT-Paywall nicht reinlässt: Huffington Post dazu.