Wall Street Gives Money To

From My Point Of View, The American Financial System - Including Banks And Investment Banks - Is Far Safer Because Of Capital And Liquidity Requirements. Despite All The Turbulence So Far This Year, I Don't Think Anyone's Questioning Our System. And That, Obviously, Is A Good Thing.

Dodd-frank Is 2,000 Pages Long. It Covers Thousands Of Rules, Regulations, Interpretations And Things Like That.

We're Trying To Win Business By Doing A Good Job For The Clients, As Opposed To, "we Think Being Big And Universal Is Just A Great, Wonderful Thing." It's Not A Morality Thing. It's A "does It Work For The Client?" Thing. Everything We Do Is Because A Client Uses Us. Everything We Do Is Because A Client Chose To Use Us Of His Own Free Volition.

They Have A Policy In China For Their Big Companies Called "go Abroad." It's A Rational Thing For Both The Company And The Country To Say, "we Want Big, Successful Companies." Particularly In Areas Where They Need It: Agriculture, Energy, Technology. I Think Banking, Too. One Or Two Have Bought A Trading House. Some Have Already Begun Expanding Around The World. Of Course They're Going To Have Those Ambitions. Why Wouldn't They? They're Just Doing It Methodically. It's A Logical Strategy And, Well-executed, They Will Succeed.

When The Government Gets Involved In Pricing, I Don't Think It's The Right Way To Look At A Business.