You never know exactly how new policies are going to work. That doesn't mean you shouldn't try them.

Part of the reason some Japanese companies have underperformed financially was corporate governance and board structures.

It's hard in all countries. Democracy is hard, but it's better than the alternatives.

We take smaller companies and middle-sized companies, all around the world, and we do currency exchange for them; we raise bonds and equities for them; and we do inventory finance, trade finance, and custody of assets.

It's offensive to me to be called a cost cutter.

Just because we're stupid doesn't mean everybody else was.

After the tsunami in Japan, we were open for business. In fact, I flew there 10 days after the tsunami to show our support for the Japanese people.