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Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be stopped. No government will ever support a virtual currency that goes around borders and doesn't have the same controls. It's not going to happen.
First of all, I yell very little, just so you know. Maybe years ago I did more, but I yell very little.
You know, the benefit in life is to say, 'Maybe you made a mistake, let's dig deep.'
No one can forecast the economy with certainty.
That's my contribution - running a sound, healthy company that serves millions of customers well and employs hundreds of thousands of people. What else am I going to do? I'm not an artist. I'm not a writer. I'm not a musician. I'd love to be a tennis player or musician. I'm not.
I love my children. I spend a lot of time with them.
If you're making all your money simply betting on interest rates, that's not a business. Flow is a business. On the outside, they look the same for a while. But when you dig into them, no, they weren't exactly the same.
I'm very close to thinking the United States shouldn't be in Basel any more. I would not have agreed to rules that are blatantly anti-American. Our regulators should go there and say, 'If it's not in the interests of the United States, we're not doing it.'
The best way to look at any business is from the standpoint of the clients.
Some things never change - there will be another crisis, and its impact will be felt by the financial markets.
I'm a little bit of an eternal optimist. People always say to me, 'If you go do this and it fails, what are you going to do?' I don't care. I'm going to give it my best shot. That's what I'm going to do. If it doesn't work, it doesn't work. And I'll try again.
Everything needs to work at the same time. But what keeps society vibrant permanently is jobs, industry, business, and stuff like that. It pays for everything else. If you just build affordable housing, and those people don't have jobs, it'll no longer be affordable soon. So you really have to build around the business community.
It's good for America when the rest of the world grows, because you can sell more to the rest of the world.
While legislation obviously is political, we now have allowed regulation to become politicized, which we believe will likely lead to some bad outcomes.
Walk into a Chase branch and we can give you so much quicker, better and faster. Like Wal-Mart.
People and companies make mistakes. I guarantee we'll make a mistake next quarter. So what? Businesses make mistakes. Hopefully smaller, and fewer.
There are downsides to a lot of things. There are downsides to flying - people die every now and then. Do you want to stop all air flights? There are downsides to pharma; sometimes they're misused. Do you want to stop using pills?
In America, you keep on hearing productivity is low; secular stagnation, it's a new normal. It's just not true: We've had multiple wars; we're not educating our kids. We had government shut downs, badly-spent money, failures in the health system, failures and an extreme amount of regulation - that's why we're going slow.
It's great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system.
People need to understand: Businesses are going to make mistakes. They shouldn't be shot and hung every time.
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