Next financial crackup, regulators probably shouldn’t bother asking JPMorgan for any help with quickie resolutions. Jamie Dimon:
Would I have done Bear Stearns again knowing what I know today? It’s real close. What I know today is if [regulators] called me again to do something like that again, I couldn’t do it, my board wouldn’t allow me. [Emph. added.]
Good thinking, Eric! In the meantime, the feds have opened a criminal inquiry into the London Whale fiasco. . . .