That's Probably Good, All Things Being Equal,

Well, If You Were The American Public, You Saw A Catastrophe. In General, You Would Say, "the Biggest Institutions Of America - Washington, Broadly, And Wall Street, Broadly - They're To Blame." And, Broadly, They're Right.

Companies That Build Scale For The Benefit Of Their Customers And Shareholders More Often Succeed Over Time.

If The Numbers Are Right, Icbc [industrial & Commercial Bank Of China], Which Already Earns Nearly Twice As Much As Jpmorgan. They'll Probably Be Going A Lot Faster Over Time, And One Day They Can Be A Lot Bigger Than Us.

At Travelers, We Were Much More Opportunistic. It Was Very Successful, But It Wasn't An Integrated Financial Services Company. We Had A Property Casualty Company, A Life Company, A Brokerage Company. We Were A Financial Conglomerate. It Wasn't A Unified, Coordinated Strategy Of Any Sort. When It Merged With Citi, That Became A Big Issue; Citi, At That Time, Wasn't Yet A Fully Integrated, Coordinated Company.

If Business Doesn't Thrive, It Hurts America. We Need Improved Relations, More Collaboration, More Thought And More Consistency As We Go About Trying To Make Sure We Have The Best Country In The World. Not Scapegoating And Finger-pointing.