'Would Vigorously Oppose' Breaking Up Banks: Lobbyist

Wednesday, 25 Jul 2012 | 1:08 PM ET

Tim Ryan, SIFMA president & CEO, shares his opinions on Sandy Weill's statements regarding breaking up the banks on CNBC's "Squawk Box" today. "We would vigorously oppose [breaking up the banks] because it doesn't make any sense and has been rejected for the last three years," he says.