John Mack on Saving Morgan Stanley, Inside the Bunker

During the depths of the global financial meltdown in September 2008, John Mack faced the most critical moment of his tenure as CEO of Morgan Stanley. The investment bank was nearly out of cash, its stock price was plunging into the single digits and Treasury officials were pressuring him to sell the firm to JPMorgan Chase for a price as low as $1. During a recent Wharton Leadership Lecture, Mack offered an insiders take on his battle to preserve thousands of jobs as well as one of the best-known names on Wall Street.

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[JimboWHO]

Gripping. I like this guy.

[richardr105]

crosbyyacht-

The true story about the current disaster this Country is in started yrs ago + was growing especially after Greenspan cut rates to zero right after 9/11 and left them too low for too long. This helped fuel a speculative bubble in real estate which the banks+ Wall St got drunk on by repackaging+ selling. Where was Congress who had legal responsibility to oversee FNMA? Why has no one sued the rating agencies for giving all this crap AAA ratings? Wall St's no angel but plenty of blame

[Neil Money]

Tard.

[chima chibi]

The question is, was it worth saving??

[ThaFacka]

just a pack of autism plagued cleptomanics...

[MrCoffeeandWine]

"my driver . . . " anyone with a driver is an asshat. If the driver is an ex-cop (meaning the boss anticipates having his 'driver' beat someone's ass on command) it's worse. This guy is part of the problem.

[BoxOfOranges84]

I've read Too Big To Fail and seen the HBO movie about 7 times. I recommend it to all of you

[iranwarcom]

Saving Morgan Stanley? Morgan Stanley and Facebook rob the average joe of billions maybe trillions

[Dillerbas]

Wow they really came forth to save the day. - What's that? They created the problem in the first place with their insatiable greed and bought of politicians?.....oh......I see.....

[JimboWHO]

Get some help, honey. I'm worried about you.

[JimboWHO]

Do my a favor. If you're gonna rant and rave like a delusional moron just don't direct it at me. Ok, cupcake?