Uhhhhh guys I think the crash is really coming. Just found 136 page presentation from JP Morgan Chase to the Federal Reserve dated July 2021 on why they are “resolvable”.
“Our firm can be resolved in an orderly manner. We believe that it is essential for systemically important financial institutions to be resolvable in an orderly and transparent fashion. To achieve this objective, systemically important financial institutions must maintain a credible plan for their operating subsidiaries to be stabilized allowing them to continue as going concerns or to be wound down as necessary in an orderly manner: without interrupting the Critical Services and Operations, including deposit-taking and payment services that are essential to the continued stability and health of the U.S. financial system and economy; and without extraordinary government assistance or any taxpayer support. Our resolution plan demonstrates how these goals can be achieved for JPMorgan Chase.” https://www.federalreserve.gov/supervisionreg/resolution-plans/jpmorgan-chase-1g-20210701.pdf
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September 14, 2021 at 05:53PM