I think immigration has been one of the vital things about the growth of America. I'm the product of grandparents who all immigrated from Greece. I hope eventually we have proper immigration.

The toughest are people mistakes, when you put the wrong person in a job. Sometimes you're too slow to move them out. Or not getting the right people involved to solve a problem, or doing something out of anger; you learn, just don't do that. But I'd have to say the Whale was one of them, and I would also have to put Bear Stearns and Washington Mutual on the list at this point.

The government isn't going to say, "We're going to regulate banks, but we'll leave these other companies alone." I think the regulators want to make sure that they have some form of regulation on anything systemic. We like our hand. But, you know, honestly, who owns the future?

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

Japan, Europe, [and] America probably [are] better than last year [2015], not China.

That's probably good, all things being equal, for emerging markets, not bad, even though it may not be great for all their currencies.

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