James P. Gorman Quotes
From our perspective, just narrowly from the financial sector and from our institution, there's nothing good about Brexit.
Gorman, James P. Interview. Squawk Box, CNBC, 24 Jun. 2016.
Major bankers were not only clueless in the Meltdown of 2008 and the Great Recession that followed, but they were equally hapless in the Market Crash of 1929 and the Great Depression thereafter.
This was a surprising answer because most people would then have named terrorism, labor strikes, banking excess risk in investment, sufficient labor supply, weather (global warming) or bubbles. But most of the large companies and investors told him that they most worry about political bickering, gridlock, irrational law making, regulation, taxation and other factors which, to a great extent, are under the control of the politicians.
1st Viscount Grey of Fallodon
James Patrick Gorman is an Australian-American financier who is the chairman and chief executive officer of Morgan Stanley. He was formerly Co-President and Co-Head of Strategic Planning at the firm.