The government has the right to change laws and rules and regulations.

I have gotten disturbed at some of the Democrats' anti-business behavior, the sentiment, the attacks on work ethic and successful people. I think it's very counter-productive.

I hope the story of 2011 is that America gets its mojo back. You've got to remember that America has the best universities; it's got some of the best businesses. It's got an unbelievable work ethic, rule of law. The story of 2011 will be America blossoming again.

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.

JPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.

We were a land of opportunity. You can never have equal outcomes, but you can have equal opportunity.

All our clients know that we're there, we're steady, we do a good job, we earn a fair return for ourselves, which I think is critical.