(Bloomberg) -- Sanford “Sandy” Weill, who ushered in the era of supermarket banks with the creation of Citigroup Inc. before the financial crisis, said U.S. lenders should be broken up to protect taxpayers.

“What we should probably do is go and split up investment banking from banking,” Weil, 79, said today in an interview on CNBC. “Have banks do something that’s not going to risk the taxpayer dollars, that’s not going to be too big to fail.”

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