Karen Shaw Petrou is the Co-Founder & Managing Partner at Federal Financial Analytics, Inc.
She was recently on the show on TV and from there people heard that home loan sector is the next one to go belly up. Obama basically has to look into this and resolve it asap before the stank hits the fan.
Karen was asked to proffer her views on the Citi breakup and this is what she said:
The move to break up Citi would be the death knell for the financial supermarket bank model promoted by Sanford Weill, its former CEO. It’s “another indication that the strategic value of the oligarch bank model was never proven,” she said. “Under current market conditions, it clearly does not work.”
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