Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomberg last night, said that banks "cannot control ourselves." The government, Mack said, "has to step in and control Wall Street."
"We have probably 15 to 20 fed regulators in our building every day," said Mack. What does Mack think of that? "I love it," added. (Check out Bloomberg's full story here.)