CIT had many things that were broken and needed to be fixed, what's left will be primarily a U.S.-based commercial bank, and that's what Ellen's expertise is. John Thain More Quotes by John Thain More Quotes From John Thain To model correctly one tranche of one CDO took about three hours on one of the fastest computers in the United States. There is no chance that pretty much anybody understood what they were doing with these securities. Creating things that you don't understand is really not a good idea no matter who owns it. John Thain creating-things united-states ideas Regulators are in the best position to regulate when they are intimately knowledgeable about the activities they are regulating. John Thain knowledgeable regulators position Over time, all of the markets should be combined. John Thain should I think there will be linkages between the U.S. and Europe and I think there will be linkages between the U.S. and Asia; that is probably a little further off. John Thain littles europe thinking I plan to go play on the beach in Los Angeles with my two-year-old grand daughter. John Thain business Whenever you have long periods of time of very low interest rates and lots of liquidity you always worry about where are there bubbles being created and where is there potential trouble in the future. John Thain company-news The strategy of funding a commercial finance company in the capital markets is not a viable one post financial crisis which is why we're moving to a bank-centric model in funding the vast majority of our businesses with the bank. John Thain company-news
