There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in that most suppliers have facilities in the U.S., although most of their customers are overseas.

We are looking at many of these distressed (auto parts companies) that have some kind of proprietary technology and some scale of size.

It's not necessary for a wave of consolidation in the worldwide auto industry,

Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.

I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners.

I don't think there's anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall.