Sanford Weill—the former Citigroup CEO who led the charge to repeal Glass–Steagall and bring about the era of “too-big-to-fail” banks—is stunning critics by calling for the breakup of behemoth financial institutions.
One percent of the adult human population qualifies as clinically psychopathic, exhibiting a lack of empathy and a knack for telling lies and getting away with it. That compares with 10 percent of wheeler-dealers on Wall Street, according to a recent study. American critic William Deresiewicz is not surprised. Update: The 1-in-10 figure is unsupported. See here.
Hundreds of people remained gathered in New York’s financial district Sunday as part of the “Occupy Wall Street” demonstration called for by Adbusters, Anonymous and other anti-corporate groups. (more)