“Not only did Mr. Dimon keep JP Morgan Chase from taking on as much risk its competitors, he also navigated through the shoals of 2008-09 with ac21#y&#82u1;&#82i2;—&t8212;——Meh. Where would JPM have ended up had Citigroup and Bank of America actually failed in the Spring of ’09, as would certainly have happened in the absence of government intervention?They’d be out of business today, along with all the other big banks, and we’d be in Great Depression II. Don’t ascribe their success today to Dimon’s business savvy, ascribe it to the massive government safety net underneath him and his peers.

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