Their [american Banks] Big Issue Will Be

People Thought They Were Going To Make A Lot Of Money. And Then At One Point, It Got Too Hot, And The Government Wanted To Knock It Down. Trying To Get It Up And Then Knock It Down, Both Were A Mistake. And Part Of The Reason, Some People Think, Is That They Wanted To Equitize Some Of Their Companies. A Healthy Stock Market Helps Equitize Companies And Reduce The Country's Debt Burden.

The Real Story In Housing Will Be A Recovery In The Economy That Will Drive A Recovery In Housing, When People Are Working, When There Are More Jobs, More Households Forming And People Go Back To Buying Cars, They're Going To Want Their Apartments And Homes. And That's When You'll Start To See A Recovery In Home Prices.

We're Trying To Win Business By Doing A Good Job For The Clients, As Opposed To, "we Think Being Big And Universal Is Just A Great, Wonderful Thing." It's Not A Morality Thing. It's A "does It Work For The Client?" Thing. Everything We Do Is Because A Client Uses Us. Everything We Do Is Because A Client Chose To Use Us Of His Own Free Volition.

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.

I Don't Like The Term "universal Bank." The Chinese Government Legitimately Wants To Have A Very Strong Economy. When They Talk About Soe Reform, They Know That's Part Of It.