There Is A Lot Of Focus On

All Businesses Tend To Pass Costs Onto Customers.

They Have A Policy In China For Their Big Companies Called "go Abroad." It's A Rational Thing For Both The Company And The Country To Say, "we Want Big, Successful Companies." Particularly In Areas Where They Need It: Agriculture, Energy, Technology. I Think Banking, Too. One Or Two Have Bought A Trading House. Some Have Already Begun Expanding Around The World. Of Course They're Going To Have Those Ambitions. Why Wouldn't They? They're Just Doing It Methodically. It's A Logical Strategy And, Well-executed, They Will Succeed.

Jp Morgan Always Has Higher Capital Liquidity, That Is Partially To Make Up For Mistakes And Problems And Obviously Its A Tough Economy. We Support An Oversight Committee, We Supported Some Of The Compensation, New Compensation Rules, Though We Already Follow Most Of Them. We Support A Lot Of It.

The Real Story In Housing Will Be A Recovery In The Economy That Will Drive A Recovery In Housing, When People Are Working, When There Are More Jobs, More Households Forming And People Go Back To Buying Cars, They're Going To Want Their Apartments And Homes. And That's When You'll Start To See A Recovery In Home Prices.

I Do Think There Will Be More Japanese Companies Expanding Out Of Japan, And There Will Be More Cross-border Flow From Japan.