After The Tsunami In Japan, We Were

We Take Smaller Companies And Middle-sized Companies, All Around The World, And We Do Currency Exchange For Them; We Raise Bonds And Equities For Them; And We Do Inventory Finance, Trade Finance, And Custody Of Assets.

People Always Say To Me, "what If It Doesn't Work?" If It Doesn't Work, We Redouble Our Effort. We're Not Going To Cry Like A Bunch Of Babies. We're Going To Redouble Our Effort.

Manipulating Currencies Is When You're Going Into The Marketplace And Buying Something In Large Amounts To Depress The Value Of The Currency.

At Travelers, We Were Much More Opportunistic. It Was Very Successful, But It Wasn't An Integrated Financial Services Company. We Had A Property Casualty Company, A Life Company, A Brokerage Company. We Were A Financial Conglomerate. It Wasn't A Unified, Coordinated Strategy Of Any Sort. When It Merged With Citi, That Became A Big Issue; Citi, At That Time, Wasn't Yet A Fully Integrated, Coordinated Company.

If You Can't Use Dividends, It's Not A Bad Thing To Give It Back To Your Shareholders. They'll Use It Somewhere Else.