We're Going To Do The Right Thing

If You Look At Detroit, That Mayor, It's Been A Train Wreck For 40 Years, The Population Has Gone From 2 Million To 700,000. This Mayor Comes In, And He Talked About Streetlights, Sanitation, Jobs, Policing, Schools, Affordable Housing. He's Doing It All, And It's Growing For The First Time In 30 Years. Literally, One Man. But That One Man Couldn't Do It Without Business. And Business Couldn't Have Done It Without A Political Environment Where They Wanted To Improve Things. If You Had An Antibusiness Environment There, It Would Still Be Down There.

I've Been Regulated My Whole Life. We Have Progressive Taxes. It's Not A Free-market Free-for-all. I Completely Understand That Society Has A Perfectly Legitimate Right To Put In Structures And Regulations And Rules That Make It Fairer, Better, Cleaner.

After The Tsunami In Japan, We Were Open For Business. In Fact, I Flew There 10 Days After The Tsunami To Show Our Support For The Japanese People.

My Operating Assumption Is We Will Always Have Very Tough Competition. And Even With Some European Banks Struggling Right Now, Some Of Them Can Reemerge - And Maybe Even Stronger.

It Is Vital For Officials And Regulators To Have Input From People Within Our Businesses Who Understand The Intricacies Of How Financial Markets Operate And The Consequences Of Certain Policy Decisions.