Is it conscience, or something else?
I look at it like this, Weill, though retired, has a clearer view than most how bad things actually are. When the system was clicking there was no turning back, but there was always that file labeled "Worst Case Scenario" lying in some risk manager's desk.
Weill read it.
Weill recognizes the direction things are are heading and he sees a couple of disconcerting things I'm sure.
One, he recognizes that the global economy is fully integrated and issues arising in the EU, China, India, England, Brazil, Japan, etc will definitely have tremendous impact on the US as well. The tea leaves for Weill, as for others, likely read crash.
Second, Weill knows his industry got off lucky in 2008. The blow back was superficial, no meaningful regulations implemented, even a continuation of bonuses for guilty parties in the financial sector ... but if another crash hits, with impact worse that in 2008, Weill's industry may find itself in a regulatory Iron Maiden for decades, as was the case after the Great Depression.
Weill most definitely sees what's coming.
Read the Article at HuffingtonPost
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