EFTA Document EFTA01300472

From: Jes Staley < To: '[email protected]' <[email protected]> Sent: 2/1/2010 6:45:57 AM Subject: Against the history of my 30 years with the bank, the current state of debate with Washington, is actually not that bad. The greatest problem with Glass Steagal, was that it separated Morgan from our clients as our clients increasingly choose the capital markets over traditional bank products; they selected MM funds over deposits and debt issues over bank loans. There is, thankful