'Ace' Greenberg, Former Bear Stearns CEO: Ask My Boss How I Feel About Financial Reform (VIDEO)

How does the iconic Wall Street exec -- and former Bear Stearns CEO -- Alan "Ace" Greenberg Feel about Dodd's latest financial bill?

In an interview with Bloomberg Television's Margaret Brennan, Greenberg deferred to his boss, JPMorgan CEO Jamie Dimon, on the subject of Dodd's bill. (JPMorgan bought Bear Stearns in March 2008.)

Here's Greenberg's exchange with Bloomberg:

Greenberg: "I feel about Dodd's bill and the other legislation, exact like Jamie Dimon feels."

Bloomberg: "Which is?"

Greenberg: "I don't know but however he feels is how I feel"

Bloomberg:"You are a company man?"

Greenberg: "You betcha."

As for how Bear Stearns guarded it's balance sheet and prevented any Lehman Brothers-caliber accounting scandal, Greenberg waxed nostalgic. Here's Greenberg:

"We had 3 people who worked for us. We had Cy the Spy, one was called the ferret, and one was called, I think the weasel. And their job was to walk around without any notice, sit down with a trader and look at his book and query him. So constantly we were on guard against the one thing that could cause you into so much trouble, and that's an employee burying trades, having something that went bad and not disclosing it, and of course it gets worse and he tries to cover up and then you have a loss of a billion dollars or in one case 7 billion dollars. Which you probably read about a few years ago. So that was always my big fear and we were particularly rough about that. And any trader that didn't want to cooperate with those three people, I said "you'll make my day, just let know about that."

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