Just Because We're Stupid Doesn't Mean Everybody

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.

The Question Is How Do You Do It [more Consumer Protection] So That It Actually Works That Way? And That Takes Analysis, And Sometimes Collaboration Between Government And Business, To Understand How That Works.

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.

Look, Every Institution Will Make Mistakes. I Acknowledge We Make Mistakes, And They Can Hurt My Reputation And Our Company's. But You Also Must Be Willing To Let Go A Little Bit, Trust Others, And Not Always Be So Stringent, Provided You Have Robust Controls.

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.