JPMorgan is a very good franchise. And the way you should look at a franchise, a business, is from the standpoint of the customers.

The "third arrow" (of structural reform) is critically important. Japan has some of the best companies in the world, and if you look at their technology, their capability, it's extraordinary.

Unraveling the euro is a terrible thing. This is a 50-year endeavor to get this continent together and that's a wonderful endeavor.

The term "too big to fail" must be excised from our vocabulary.

The yen is trading where it's trading because people are guessing about people's future interest rates, dollar and yen and about the future growth potential of the economies. And, if this policy works, then the yen will probably strengthen.

You never know exactly how new policies are going to work. That doesn't mean you shouldn't try them.

We're going to do the right thing for the company and our customers, all things considered.