If The Numbers Are Right, Icbc [industrial

If You're Making All Your Money Simply Betting On Interest Rates, That's Not A Business. Flow Is A Business. On The Outside, They Look The Same For A While. But When You Dig Into Them, No, They Weren't Exactly The Same.

But In General, As Countries Get Wealthier, There's Going To Be More Savings, Which Means You're Going To Have Intermediation. So Part Of It Is Just The Huge Growth In Wealth, And Part Of It Was Globalization - These Companies, These Clients Getting Much Bigger And Much More Global.

If The Government Wants To Do Social Policy, It Should Not Be Done In A Quasi-public Company. If You Have A Mortgage Guarantee Company Which Is Done By The U.s. Government, It Should Be Guaranteed By The Originators, I.e., The Shareholder.

You Never Know Exactly How New Policies Are Going To Work. That Doesn't Mean You Shouldn't Try Them.

The Best Thing To Do Is Muddle Through And Maybe, Over Time, Create A Solution Of That, If Someone Really Wanted To Exit, The Legal Basis On Which You Could Exit. Because Right Now There Almost Doesn't Exist One.