The Government Has The Right To Change

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.

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.

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.

We're Diversified, We're Stable And Consistent. Our Businesses Benefit From Each Other.