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The Rise of Jamie Dimon and Controlled Demolition of Regional Banking System
Jamie Dimon's rise and the controlled demolition of regional banks suggests the creation of one bank to rule them all. JP Morgan already acquired a lot of struggling banks and may acquire more. It's reminiscent of Nixon's 'get big or get out' policy for agriculture, and it's the logical conclusion of the 'too big to fail' model. We may soon see the creation of two to three banks or one bank to rule them all.