There Is A Lot Of Focus On

If You Went To All Those Little Towns In America, Jpmorgan Was There In Good Times And Bad Times, And, In Fact, Helped A Lot Of People Through The Tough Times. And We Know That's When They Need Us The Most.

Now The Japanese Companies Are More Focused On That. To Have Two Independent Directors - I Think It's Good To Have Outside People Look At You And Think Of What You Could Be Doing Better. Those Are Voluntary, But Most Of The Companies Told Me They're Going To Do It. And I Think It's Good For Them To Say Our Returns On Equity, For Example, Should Be Higher. Also, I Think Some Could Be More Ambitious.

We Use Technology To Make It Cheaper, Better, And Faster For The Client. And Then If You Have The Most Flow, You Can Win. Now, Having Said That, Silicon Valley Wants To Take On This Business. They Think They See An Opening.

Usually, Something That Is Fairly Expected Is Already Factored In. I Also Think That You Have To Think That America Is Raising Rates Because The Economy Is Getting Stronger.

When People Talk About People Being Left Behind - Middle Wages Have Not Gone Up For Years, And We Should Recognize That, And There I Think We Need Growth And Skills - But There Are These Other People Who Have Been Left Behind. When I Say Out Loud, "fifty Percent Of Inner-city Schoolkids Do Not Graduate From High School," That Is A National Catastrophe. We Should Be Ringing The Alarm Bells. It's Not Fair.