
American Bank Carnage part 2
The David McWilliams Podcast
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The Economic Moral Hazard of JP Morgan
Is it a possibility that somebody like JP Morgan gobbled up all the smaller banks and they become massive, and it gets everybody through the small crisis that's occurring at the moment? Well, once things settle down, is it a possibility and would it be wise then to break up banks like JP Morgan? So they're not such a behead month. But we have to contrast the difference in moral hazard, the potential of bad behavior in the future, and real hazard, which is a fuck up now. And I think what we're looking at is the complete reorientation of the monetary economy in the U.S., where the big battle is going to be between JP Morgan and Apple
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