United States (U.S.) as one of the main indicators of the world, judged to have lost momentum to reform the financial system.

The U.S. government also considered necessary to make corrections, improvements in corporate control of the potential collapse in the financial system.

As stated by Morgan Stanley CEO John Mack, told CNBC, as quoted by CNBC, Monday (14/9/2009).

“I am very disappointed had we lost the potential for financial sector reform. We really need a risk management system,” he explained. “It’s not as easy to fix Wall Street that has many risks,” he added.

According to him, this time very free credit disbursement and banking agents are paid to make those mistakes. “What have we learned the results, it was a mistake. Risk management system needs to be intensified,” said Mack, who plans to resign from Morgan.

When asked about the attitude of former U.S. treasury secretary Henry Paulson and the U.S. Finance Minister Timothy Geitner, the collapse of Lehman Brothers one year ago, Mack said just skeptical. “I think they do not do (repair) quickly,”