When the government gets involved in pricing, I don’t think it’s the right way to look at a business.
Unraveling the euro is a terrible thing. This is a 50-year endeavor to get this continent together and that’s a wonderful endeavor.
If you have the choice, it’s far better to say, “That person has the job, and they really don’t need that much of my oversight.” Maybe they don’t need any of it.
Economies of scale are a good thing. If we didn’t have them, we’d still be living in tents and eating buffalo.
If the economy grows, housing gets better, quicker.
You don’t run a business hoping you don’t have a recession.
No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen.
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.
It’s good for America when the rest of the world grows, because you can sell more to the rest of the world.
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.
No one can forecast the economy with certainty.
Our global corporate investment bank competes with Goldman Sachs, Citibank, and a bunch of other banks that are in those businesses. We may have slightly different products or services, but so what? That’s always been true in American business.
The government has the right to change laws and rules and regulations.
The term ‘too big to fail’ must be excised from our vocabulary.
Just because we’re stupid doesn’t mean everybody else was.
We don’t think there are cases where people were evicted out of homes when they shouldn’t have been.
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.
I think the free-enterprise system has been great for society. That doesn’t mean it’s completely perfect. And also, when people say capitalism, I’m not really sure what they mean.
Just because you have a good hand today doesn’t mean it’s good tomorrow. And some of the things we’re doing may become very disadvantageous at some point.
When you walk into a store and you want to buy something, you give them cash and they sell it to you. But very often, you walk into our “store” and you want something – a credit card, maybe, or a loan – and very often the answer is “No,” even if you’re a large corporation.