Citigroup's ex-chief Parsons: "Thoughtful and insightful regulation" needed

07/10/2013 | Bloomberg

Big U.S banks probably "should have more capital," says Richard Parsons, former chairman of Citigroup. "There should be more thoughtful and insightful regulation," Parsons said. "But some of the reasons are just because we, the regulatory establishment, the legislative establishment, we don't want to be blamed the next time one of these things blows up so let's just throw the kitchen sink at them."

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