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Sallie Krawcheck

Sallie Krawcheck

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“'More' is not the answer here.

'Better' is the answer here.

'Much less' is the answer here.”â€" Sallie Krawcheck, former CFO of Citigroup (C), discussing the need for simplicity in financial disclosures in a video interview with CNNMoney anchor Poppy Harlow.

Krawcheck gets personal here: Six weeks ago she refinanced her home and encountered "mind-boggling" paperwork, she says.

The financial-services industry, she notes, "had high returns on complexity for years." Complexity bred profitabilityâ€"and confusion for consumers and investors.A champion for the individual investor since her early days as an analyst (who covered the financial-services industry), Krawcheck seems, in this video interview, tempted by the idea of a job in the Obama administration.

If she went to Washington, she’d presumably take a key post in the area of regulation/investor protection.

But she has three children in school in New York City, so a move would be a big deal.Meanwhile, she's been rumored to be a candidate to run the U.S.

wealth management unit at UBS (UBS).

That’s unlikelyâ€"too close to her last job at Citigroup.

â€"Jessica ShamboraEmbedded video from Video
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