The President says so.

if they could only bottle the awesome and sell it!

forward!

they likely won't post a single quarter of losses as a result of this.

so, while shareholders are and should be rightly annoyed with this one fiasco, in the scheme of things, they're still happy with jpmorgan and dimon.

why i like most about this is that it wounds a guy who had become a thorn in obama's side. he had been a respected banking authority pushing against more regulation and oversight. this provides great ammunition for democrats.

in a political sense, i want him to keep his job, wounded, rather than be replaced by someone who might be a worse thorn in obama's side.

Ammo for what? The Commander in Chief says JPMorgan is "one of the best managed banks there is"

if only the terribly managed banks had problems, then one could imagine there might be enough well-managed banks to see us through any crisis.

but if even well-managed banks can have something like this, then that's a great argument for limiting their exposures, separating proprietary trading from customer-facing banking, etc.

robert reich and elizabeth warren and other democrats had some choice words about this as well, as they aren't as conflicted as obama because they feel no need for wall street campaign funds. but obama's words seemed to me quite carefully calibrated to show support for wall street and an erstwhile and perhaps future major donor, while leaving the door wide open for more regulation and oversight.

note that republicans have already backed off plans to repeal regulation.

I love how suddenly so many fear Obama has gone tone deaf after four years.

Concern noted.

You could have a bank that isn’t as strong, isn’t as profitable making those same bets and we might have had to step in,” Obama said.

Read more: http://articles.businessinsider.com/2012-05-14/wall_street/31699758_1_banks-jamie-dimon-watch-obama#ixzz1v2SsJTPg

I see you are deliberately trying to avoid the point, so enjoy yourself. Maybe you'll get lucky.