4 ms·
JPMC in particular is literally too big to fail and that’s their entire business model. They’re so diversified and massive in everything that it’s impossible to
by fnordpiglet 3y ago
JPMC in particular is literally too big to fail and that’s their entire business model. They’re so diversified and massive in everything that it’s impossible to fail. They’re the backstop of the backstop - see how the government resolved the small bank failure wave with JPMC taking on first republic and acting as a backstop against further bank chaos. This was a somewhat intentional ramp they’ve been on since 2008, become so massive that no amount of malfeasance or incompetence can disrupt their overall business.