Sandy Weill

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Sandy Weill, founder of Citigroup financial services conglomerate

Weill successfully lobbied to overturn the Glass-Steagall law limiting the investing risks banks could take. He created the first great financial supermarket, Citigroup. He is a former chief executive officer and chairman of Citigroup Inc. He served in those positions until October 1, 2003 and April 18, 2006 respectively. In 2001, Sanford I. Weill became a Class A Director of the Federal Reserve Bank of New York. Class A Directors are Board Members who are elected by Member Banks (of the Federal Reserve System) to represent the interests of Member Banks. When Weill's Citigroup fell into financial trouble, the federal government gave them $45 billion in aid. [1]

References

  1. "25 People to Blame for the Financial Crisis,” “TIME Magazine, Retrieved September 28, 2009.
  2. Board, U.S.-Palestinian Partnership, accessed February 15, 2011.