No One Can Forecast The Economy With

There Are Parts [in Dodd-frank] That I Don't Agree With. But, In Total, It Is What It Is.

When The Government Gets Involved In Pricing, I Don't Think It's The Right Way To Look At A Business.

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.

We Have A Lot Of People Who Are Republicans, A Lot Of People Who Are Democrats, And It's Not Just Because Of Business Reasons.

Companies Are Returning A Lot Of Money To Shareholders Through Dividends And Buybacks. And A Lot Of People Say That's Not A Good Use Of Capital. I Think That's Normal Reallocation Of Capital.