It's Offensive To Me To Be Called

I Don't Think You Could Have A Banker Serving In A Major Role In Washington In The Next 10 Years. I Just Don't Think It's Going To Happen - It's Just Not Politically Feasible - So I Don't Spend Much Time Thinking About It. Do I Think I Could Do A Good Job? Maybe. It's Possible.

It's Moderate Growth, With Some Parts Of The World Better Than People Think, And Better Than Last Year [2015].

The Best Way To Look At Any Business Is From The Standpoint Of The Clients. So There Are These Certain Basic Things That Aren't Going To Change. Companies Are Going To Have Needs For Equity, Debt, Advice, Fx, And Derivatives. Individuals Are Going To Have Needs For Auto Loans, Mortgages, Something That Looks Like A Deposit Account, And The Ability To Send Money To People. Those Things Aren't Going To Change.

You've Seen Certain Credit Type Products That Are Going To Be In Nonbanks, Like Sophisticated Clo [collateralized Loan Obligation] Tranches And Stuff Where The Capital Charge Is So High That A Bank Simply Will Not Own It. Someone Will Buy It, Hedge It, Trade It. But It Won't Typically Be A Bank.

I Think The Republicans Have Really Thoughtful Financial Policies, And I'm More In The Middle On Taxation.