Excellent interview with outgoing Morgan Stanley CEO John Mack from September 11, as he sits down with Gasparino and the CNBC Power Lunch crew. Caruso-Cabrera and Bill Griffeth also participate. Leverage on Wall Street and the financial crisis dominate the discussion, and Charlie doesn't disappoint as he takes a few shots at Bernanke, Geithner and the other failed regulators.
Can't say the same for Mack, as he offers the golden excuse that "no one saw it coming." What a load of bullshite, as he dutifully joins the long list of regulatory apologists. The Gasparino shot at Hillary Clinton was entertaining as well. The clip improves after the 5 minute mark.
Video runs 15 minutes...if you're pressed for time, skip to the 5:45 mark to begin watching.
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