We're busy (at last) wading our way through The Financial Crisis Inquiry Report in search of little gems.
And here's one -
'The CEO of Citigroup (actually it was former CEO Chuck Prince) told the Commission that a $40bn position in highly rated mortgage securities would 'not in any way have excited my attention', and the co-head of Citigroup's investment bank said he spent 'a small fraction of 1%' of his time on those securities. In this instance, too big to fail meant too big too manage'.
Source - The Financial Crisis Inquiry Commission