[miketery]

Maybe it had greater assets under management, that doesn’t translate to power or direct ownership. They are custodians and facilitators. Their worth is traded on NYSE and doesn’t exceed top internet companies, who imo have more power.

[HeWhoLurksLate]

Sorry, I should have put a date on there. I was referring to the era right before the Great Depression.

[quintushoratius]

JP Morgan, when it was owned by JP Morgan, was in the position of ordering public officials to attend meetings on and do it's (his) bidding.

JP Morgan, the man, is responsible for creating the Federal Reserve.

Interesting story from NPR's Planet Money: https://www.npr.org/sections/money/2015/11/11/455675540/epis...