It's Offensive To Me To Be Called

I Haven't Studied It Deeply, But The American Banks Started The Crisis With Far More Capital And What I Would Call "good Liquidity." The Riskiest Funding Is Unsecured Wholesale Funding. It's The Most Fickle. Not Repo, Which The Government Focused On, Too. Unsecured. Jpmorgan Chase Had Almost None Of That - Virtually Zero.

Jp Morgan Always Has Higher Capital Liquidity, That Is Partially To Make Up For Mistakes And Problems And Obviously Its A Tough Economy. We Support An Oversight Committee, We Supported Some Of The Compensation, New Compensation Rules, Though We Already Follow Most Of Them. We Support A Lot Of It.

It Can Take A Long Time To Get The Rules In Place That Are Conducive To Growing, Sometimes.

We Had A Lot Of Gridlock On A Lot Of Issues. But, The American System Is Pretty Resilient.

If You Were A Corporation Needing Financial Services, And I Can Give You Something Better, Faster, And Cheaper Across 12 Products As Opposed To Eight, That's Business. I'm Doing It Because I'm Serving You; I'm Not Doing It Because I Want To Be Universal.