My daughter asked me when she came home from school, "What's the financial crisis?" and I said, it's something that happens every five to seven years.

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

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

There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is.

We've accommodated the new rules and regulations. We've served our clients and had quite good returns.

I am struck that so many of our leaders in the U.S. forget how strong our country can be.

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