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by roughly
662 days ago
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Yeah, I'm mostly referring to Chase's relationship with the Fed, FDIC, and regulators - they're clearly the bank of choice for rescuing distressed banks, and they're the largest bank in the country by a pretty substantial margin. You're right about the difference, though - they're stable, well-run, and with a solid balance sheet, and it's clear the tradeoff for being effectively the Bank of the US is they're regulated and stress-tested six ways to Sunday. If that were the model being applied to Boeing, this'd be a different story, but I think there's been a clear decision made that Chase is critical infrastructure and should be treated & audited like it that hasn't been made about Boeing yet. |
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