Most decisions are not binary, and there are usually better answers waiting to be found if you do the analysis and involve the right people.

When the government gets involved in pricing, I don't think it's the right way to look at a business.

It's great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system.

Their judgment on people is extraordinary.

If you're blindly loyal to me, then you're just acting like a crony of mine. If you say you admire me because of the principles for which I stand, I understand that, but then you also have the right to call me to the carpet when you think I'm falling short.

I don't buy this thing that our industry is responsible for all the ills of the world. We have great people at JPMorgan Chase. We operate with a lot of rigor. Our clients are happy with us.