A bank is a relationship. I can't desert you and expect to have a strong relationship afterward. If I told someone, "I know you've been buying milk from me and you need milk to survive. But the price is no longer $2 a gallon. It's going to be $40 a gallon. I'm going to bankrupt you." What do you guys think of me? You would hate us.

Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that.

I think normalization is a good thing.

It can take a long time to get the rules in place that are conducive to growing, sometimes.

I'm a really big believer - this is not a statement about President [Barack] Obama, but whoever is president - that good policy is really important.

I don't think that [normalization] necessarily is going to damage the emerging economies.

Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.