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Morgan Stanley's Gorman on Potential Downgrade, Facebook IPO

Thursday, 31 May 2012 | 4:12 PM ET

Morgan Stanley Chairman and CEO James Gorman discusses his company's efforts to raise liquidity amid fears of a possible downgrade from Moody's. Gorman also addresses the Facebook IPO, how parties came to agree on the listing price and the 25 percent chunk of shares allocated to retail investors.