We had a lot of gridlock on a lot of issues. But, the American system is pretty resilient.

Our plate is full. We have a lot to do building our company organically and that is our key focus.

No one can forecast the economy with certainty.

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

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

We've had fairly consistent financial results.

Our investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money, deposit money, et cetera.