I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.

If you can't use dividends, it's not a bad thing to give it back to your shareholders. They'll use it somewhere else.

Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier. Banks didn't do that

I do want the tax system to be efficient and be conducive to growth, which it is not.

I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not really sure what they mean.

Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them.

Banks also have to say no to customers. We can't always give clients what they want; it may not be in the client's best interest.