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July 26, 2012

Marketplace: Father of big banking Sandy Weill changes tune

” Sandy Weill was the man who had the vision for the modern megabank. He was like the Dr. Frankenstein of banking.

Dennis Kelleher: His progeny — I don’t know what you want to call it —  his creation did not turn out the way that he had hoped.

That’s Dennis Kelleher, the CEO of advocacy group Better Markets. He hopes that Weill’s change of heart influences other bankers.

Kelleher: My first thought was: game changer. Instead of the arrogance and whining and entitlement these people have shown, they might want to start reflecting.

When a village elder like Weill speaks, perhaps Wall Street will listen.”

Read Heidi Moore’s full Marketplace story here

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