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Big banks have long had private equity divisions that put up capital for deals too complex or risky for individual shareholders to finance.

Often you see big companies, big banks who are eager to embrace crushing regulatory burdens because they drive up everyone's costs.

It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion.

Limits should be placed on how big big banks can become.

If we want the banks to lend - and we all do - if we want the economy to expand - and we all do - do you really want to start confining the banks in their ability to make profits in order to generate more capital to lend out to the people?

Banks should contribute to the real economy, make a positive contribution to economic growth.

The ultimate arbiters of the models of banking and the management of banking are the investors. It's the shareholders.

Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.

Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.

It's extremely important for our banks to have more capital, higher quality capital.