Matt Taibbi: Ludicrous Times Op-Ed Forgets Entire Year of Wall Street History

It was riotous, side-splitting comedy last week when Sanford Weill, the onetime head of Citibank, went on CNBC to announce that he thought it was time to break up the big banks.

Why this was funny: Through his ambitious (and at the time not yet legal) decision to merge Citibank, Travelers, and Salomon Brothers into one giant wrecking ball of greed, self-dealing and global irresponsibility called Citigroup, Weill more or less single-handedly created the Too-Big-To-Fail problem. You know, the one currently casting that thick, black doomlike shadow over all humanity which, if you look out your window, you can see floating over all our heads this very minute.