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What’s the issue with Chase Bank and leadership that’s similar to Boeing?
by alphabettsy 2y ago
What’s the issue with Chase Bank and leadership that’s similar to Boeing?
- roughly 2y agoNothing I'm aware of with Chase's leadership, but they're the largest bank in the US by far by AUM, and that's because they've been the partner of choice for the FDIC & regulators looking to rescue distressed banks. In other words, they're a private corporation being used to fill a role the government deems essential, and consequently probably the safest place on earth to put your money right now, at least with regards to the risk of a bank failure. (As I noted elsewhere, they're treated much differently than Boeing, in that they're audited, stress-tested, and generally put under the kind of scrutiny warranted by that kind of role.)