I know it’s obviously news, and the implications were plain, but Quick and Sorkin have to do it in real time. They give him every chance to walk it back.
Quick: That’s a pretty radical idea, breaking up investment banks and banks. Are you suggesting going back and really breaking these companies up?
Weill: That’s exactly what I’m suggesting.
Quick here suppresses an inchoate sound that I take to be the equivalent of, “holy f@king sh!t,” but moves on smoothly to the next obvious question, “The question becomes Glass-Steagall. You’re almost referring to bring Glass-Steagall in some respects.” Sorkin then asks, wait, what about the financial supermarket, which is the next right question, and the interview proceeds from there.
I’m thinking it wasn’t as easy as they made it look, particularly at that hour of the morning.
Watch it here: