Morgan Stanley Chairman John Mack said he is disappointed that decisions coming from the Obama administration are being motivated by politics.
“I’m not here to bash the administration, but I’m really disappointed,” Mack said Wednesday while speaking at public forum at Queens University of Charlotte hosted by Hugh McColl, a former chairman and chief executive of Bank of America.
“Every decision can’t be a political decision. Whatever happened to doing what’s right?” Mack asked.
He shared his concern about the sentiment coming from Washington and that the focus is too much on politics than on meaningful industry reform.
“We will get some changes,” Mack said. “People are smart enough to know we cannot go forward with the system the way it is … but it is a slow go.”
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