I took his comments differently; it seems like he's talking more along the lines of Glass-Steagall. I suspect that Munger doesn't have a problem with the casin

I took his comments differently; it seems like he's talking more along the lines of Glass-Steagall. I suspect that Munger doesn't have a problem with the casino (trading firm) itself but the fact that it is running alongside a traditional bank. The problem is, many people see JPM as a bank, not a trading firm, and mistakenly treat is as a bank when, in fact, it's taking more risks than a bank traditionally would.