"I think that this system is really immobilizing the banking system."

Weill added that he thinks banks will be more profitable once broken up, and that the markets would function better.

"The markets worked fine before...and I think that can work fine again if people had confidence in how the finanical industry was structured," Weill said. "If the financial industry is structured with transparency and with limits on how much leverage can be used, I think people would have a lot more confidence because they would know what's there.""

They've shot themselves in both feet. And now see how stupid they were after destroying the fucking economy and people's lives!