Oh, the irony! The beacon of financial wisdom pointing fingers at ‘stupidity.’
Oh the same Morgan Stanley that, on the brink of collapse, had to borrow $107.3 Billion from the fed in 2008? Coincidentally the largest bailout of any bank? Morgan Stanley’s CEO blames 2023’s bank failures on ‘stupidity of their own management’ Morgan Stanley’s James Gorman blamed bank bosses for their problems. The Wall Street CEO …