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.

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

I think the politics have gotten better in the United States, which makes it easier to pass legislation, budgets and treaties.

Europe is the most complicated place, in my opinion.

People always say to me, "What if it doesn't work?" If it doesn't work, we redouble our effort. We're not going to cry like a bunch of babies. We're going to redouble our effort.

We got a lot of excellent people and businesses from Bear and WaMu. But Bear definitely was more painful. WaMu got us into Florida, California, and other states, which was a huge benefit - to expand and grow and add middle-market, private banking, investment banking, and other products, too.

We represent companies from around the world who say, "I want to look at Japanese companies. I want to invest in Japan."