The Country [india] Is Doing Far Better.

Look, In Any System, You Want Highly Ethical People Who Really Understand Issues To Form Policies And Make Tough Decisions. You Need All The Right People In The Room. But There's A General View In Washington Now By Many Politicians That If You Ever Were On This Side, You're Conflicted For Being On That Side.

Jpmorgan Was Already, For The Most Part. Our Businesses At Jpmorgan Share The Same Cash-management Systems. The Commercial Bank, The Private Bank, The Retail Bank, They All Use The Branches. The Cash-management System Moves The Money Around The World - For Global Corporations, And For You, The Consumer, Too.

Now The Japanese Companies Are More Focused On That. To Have Two Independent Directors - I Think It's Good To Have Outside People Look At You And Think Of What You Could Be Doing Better. Those Are Voluntary, But Most Of The Companies Told Me They're Going To Do It. And I Think It's Good For Them To Say Our Returns On Equity, For Example, Should Be Higher. Also, I Think Some Could Be More Ambitious.

It Might Be Harder For Us To Charge A Higher Interest Rate, Like They Do, So It Might Not Be As Profitable For Us. But We Can Either Compete Or Partner, Like We've Announced With On Deck, Which Does Some Of The Stuff We Just Spoke About.

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.