Breaking Up the Bank

The Federal Reserve is considering breaking up Wells Fargo. John Sutter says it would send an enormous signal to everyone at Wells Fargo that we don't tolerate this kind of a culture. The valuable businesses inside Wells Fargo, of which there are some, will get sold off and put in other people's hands. And so where do we end up in 10 years? Not that the Fed has taken it over and busted up, but I think that effectively it's a shadow of itself.