2min chapter

The Compound and Friends cover image

Jill On Money

The Compound and Friends

CHAPTER

Regulating Based on Balance Sheet

JP Morgan made roughly $10 billion in quarterly income a year, you know, before two years ago. In OA, it was doing, I don't know, a quarter of that? First Republic is f***ing huge. It's a big huge. All over the city, we were banking. We have tier one, tier two assets. There is some delineation between what the problem is.

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