I am still a Democrat. The main reason is because I don't like the Republican stance on some social values. Not that I disagree with all of them. I just don't think they have a right to impose it upon other people. I've been public about that.

At Travelers, we were much more opportunistic. It was very successful, but it wasn't an integrated financial services company. We had a property casualty company, a life company, a brokerage company. We were a financial conglomerate. It wasn't a unified, coordinated strategy of any sort. When it merged with Citi, that became a big issue; Citi, at that time, wasn't yet a fully integrated, coordinated company.

No one can forecast the economy with certainty.

We do all that [ represent companies], because we have a lot of research in Japanese companies, and that research educates investors around the world. It allows us to sell stocks and bonds in Japanese companies.

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

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

I don't mind paying higher taxes, because I've done quite well and I'm blessed to live in this country.