All Our Clients Know That We're There,

I Think The Way Now Characterized Smith Barney Is Disgraceful. I Am Appalled That An Organization Like That Would Not Have Reserved Judgment (until) Making Their Own Investigation.

Banks Don't Want Certain Asset Classes, And That's Created Opportunities For Private Equity, Hedge Funds, Silicon Valley. In This Case I Think He Was Referring To Some Of The European Banks Shedding Assets, And The Big Buyers Are Probably Not Going To Be Big American Banks. Someone Like Blackstone May Have A Very Good Chance To Buy Those Assets, Leverage Them, Borrow Up A Little Bit, And Do Something Good There.

If You Have The Choice, It's Far Better To Say, "that Person Has The Job, And They Really Don't Need That Much Of My Oversight." Maybe They Don't Need Any Of It.

It Might Be Harder For Us To Charge A Higher Interest Rate, Like They Do, So It Might Not Be As Profitable For Us. But We Can Either Compete Or Partner, Like We've Announced With On Deck, Which Does Some Of The Stuff We Just Spoke About.

Men, Age 25 To 55, The Labor-force Participation Rate Is Down 10%. That's Unbelievable. There Are 35,000 Dying Of Opioids Every Year. Seventy Percent Of Kids Age 17 To 24 Can't Get Into The Us Military Because Of Health Or Education. Obesity, Diabetes, Reading And Writing. Is That The Society We Wanted? No. We Should Be Working On These Things, Acknowledge The Flaws We Have, And Come Up With Solutions. Not Democrat. Not Republican. Not Knee-jerk.