"The president and the executive branch are always going to have greater latitude and greater authority when it comes to protecting America because sometimes you just have to respond quickly and not everything that is a danger can be publicized and be subject to open debate, but there have to be some guardrails."

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I don't want to pick on Deutsche Bank, but I think the world of the regulated financial conglomerate, it is a strange thing. There is nothing in common between writing checks and running branch offices, issuing credit cards - those are good businesses, but they really have zero in common with M&A advice. They're a different customer.

— Ken Moelis