Bank Terms Funding Program

JPMorgan CEO Jamie Dimon was back in talks to discuss converting the $30 billion in deposits into a capital infusion. Ratings agency S&P said this package may not be enough to solve the quote substantial challenges facing the bank, even if it does ease short-term pressures on liquidity. The effect of both choke point 2.0 and our two-tier deposit insurance double standard is the same, decentralized resource allocation decisions in DC and New York.