rh13

Where Citigroup Went Wrong

Is this an oversimplification? Not necessarily. Leadership is important, and it could well be that with Dimon in charge the picture of Citi today would be quite different. It would not have taken a great many things done differently to change the results substantially. Some banks, like Wells Fargo, appear to be relatively sound even in the current circumstances because they were more careful about real estate loans.
You can't take it as a fact that the financial supermarket idea is untenable. That is an oversimplification. Although large, complex organizations do have many possibilities for error, they also have great resources to prevent error if they use them effectively.

Government Shouldn't Dictate Bank Behavior

I don't think any big bank would be wise to tell the Treasury secretary and the Federal Reserve chairman to "buzz off" under any circumstances.

Why I Need a Government Bailout

Every salesman sells a story. Good story.