"We didn't set out to do that, " he added.

BBC: Signs of earliest Scots unearthed

Becoming a virtual boss wasn't something Guertin set out to do.

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"I don't aim for awards -- that's not what I set out to do, " he said.

CNN: Europe's search for the next Daniel Craig

The Fed has taken credit risk onto its portfolio that it wasn't really set up to do, but global investment banks are really too big to simply go out of business, he adds.

NPR: Fed Expected to Cut Another Key Interest Rate