Citigroup (C) chief Vikram Pandit argues in an op-ed that beyond a certain point, higher capital...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) chief Vikram Pandit argues in an op-ed that beyond a certain point, higher capital requirements are harmful to the system. Wrong, Simon Johnson writes, and Pandit knows it - which is why Pandit's real audience includes the officials he's lobbying, and the other CEOs he's encouraging to dig in.