“In some ways, it will start to look more like Merrill Lynch, which is very strong from a retail standpoint, and also one of the real leaders in the institutional side of the business.”
“The Federal Reserve system has been very much a lucky passenger in this growth, ... It's the bond market, through the volatility of longer-term interest rates, that is allowing the economy to continue to expand in a relatively stable manner, and with a decreasing rate of inflation.”
“A lot of folks just don't have the income to handle repayment plans, or they'll start out under a plan and a few years down the road, they'll get into some trouble and not be able to complete it as envisioned.”
