'I would love to see (people) stop beating up on Lloyd and Jamie', Mack said in an interview with Bloomberg TV. 'I think that would make a lot of sense and I’m in favor of that'.
MarketWatch reports that, during the interview, Mack wavered between levels of sympathy and disregard for Main Street’s frustration over bankers’ big paydays.
He said some of the payments could be justified because 'Wall Street was knocking the cover off the ball' before the financial crisis, apparently forgetting that much of the pre-crisis gains were an overleveraged illusion, and that his own bank wobbled so dangerously in 2008 that it was forced to take a capital injection from a Japanese rival.
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