Remember That Banks Aren't Markets. The Market

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

A Bank Is A Relationship. I Can't Desert You And Expect To Have A Strong Relationship Afterward. If I Told Someone, "i Know You've Been Buying Milk From Me And You Need Milk To Survive. But The Price Is No Longer $2 A Gallon. It's Going To Be $40 A Gallon. I'm Going To Bankrupt You." What Do You Guys Think Of Me? You Would Hate Us.

The Goal Of What Japan's Central Bank Is Doing Is To Create Growth. If It Actually Creates Growth, In The Long Run, It Will Lead To Appreciation.

As A Matter Of Fact 25% Of Our U.s. Investment Banking Business Comes Out Of Our Commercial Bank. So It's A Competitive Advantage For Both The Investment Bank - Which Gets A Huge Volume Of Business - And The Commercial Bank Because The Commercial Bank Can Walk Into A Company And Say, "oh, If You Need X, Y And Z In Japan Or China, We Can Do That For You."

If It Is A Small Rate Raises, [there Will Be] No Impact.