Ken Moelis, CEO of Moelis & Co. was keynote at The Deal's Private Capital Symposium. In this clip Moelis speaks about how the LBO cycle may change, and what he thinks of crimes on Wall Street. "My mother called me up at the end of the equity bubble, and... you know I have been at the heart and seen some of the problems, and my mother said, 'Hey how come you never go to jail?' ,and I said 'Gee, Thanks Mom'...The 'everybody's doing it' excuse doesn't hold when people are wondering how this happened, and they want to take action...Look at your practices."
