Morgan Stanley CEO Talks Financial Crisis Fallout

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Nov. 1 (Bloomberg) -- Bloomberg Television's "Lunch Money" Host Adam Johnson reports on Morgan Stanley CEO James Gorman take on banking regulations. (Source: Bloomberg)

Crisis in the big banks are paying for it.

The government has pushed to settle pros at jpmorgan.

We spoke with james gorman about this tough stance on the banks and whether it is good or bad.

I don't think it is quite that simple.

I wish life were that simple and i will not talk about what competitors are doing.

We have courts and a legal system.

Ultimately, if you don't like what is being enforced, you have a right to take it to a judge and have your case heard.

These are choices corporations have to make.

Let's be clear -- there is obviously fallout from the financial crisis, a lot of investors and individuals were at damaged and this is now the response to that.

Is it fair or reasonable?

That's for each company to figure out.

Is the crackdown on jpmorgan a sign of what's to come for other banks?

I'm not going to talk about another institution.

I'm not asking you to comment on what they are dealing with but what morgan stanley might have to deal with.

We understand where we have different discussions with government and other agencies and what lawsuits we have.

By are filed exhaustively and we do what is right for our shareholders and the other parties.

It's an appropriate case.

The problem in this particular case is that jpmorgan did not see it coming.

Is the ceo of that particular bank, does that change in any way what you anticipate from the government?

No, again, i don't know what they saw were didn't. -- or didn't. i care about what goes on at morgan stanley.

We have a clear view of what happened in the financial crisis and what our responsibilities are.

Aig finished repaying the u.s. government bailout from the crisis late last year.

Betty liu asked the ceo of aig

This text has been automatically generated. It may not be 100% accurate.


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