[Dick Kovacevich and I have been friends for over 30 years, having met in 1982 when he was a rising star at Citibank and I was Chairman of the FDIC. Dick retired a couple of years ago as Chairman & CEO of Wells Fargo & Co. I am hard pressed to identify any CEO of any major bank who has had a more distinguished and successful tenure at the helm than Dick. Importantly, he thinks straight and talks straight. Read the following piece by Dick Kovacevich published recently by the CATO Institute, which can be accessed through the following link]:
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