According to Salon.com,
Willem Buiter, the London School of Economics professor who has delighted in launching blog posts like grenades throughout the course of the global financial crisis, has been named Citigroup’s Chief Economist.
This is from his blog post titled “Support Markets, Not Banks”:
I cannot think of a single financial institution that is too big to fail, in the sense that it would damage some systemically important social institution. . .
I recognise the upside of bail-outs for those who arrange them: they look like movers and shakers, making and shaping events. It’s heroic, in an industry where heroism can be rarely displayed. But in all of the examples mentioned above, the bail-out did more harm than good.
Now, Buiter will be taking a fat paycheck from one of the very biggest of the too-big-to-fail banks.