Out of Lehman's Ashes Wall Street Gets Most of What It Wants

“We continue to listen to the same people whose errors in judgment were central to the problem,” said John Reed, 71, a former co-chief executive officer of Citigroup Inc., who estimated only 25 percent of needed changes have been enacted. “I’m astounded because we basically dropped the world’s biggest economy because of an error in bank management.”

By Christine Harper, Bloomberg News

(via rubenfeld)