when i posted and talked of jpm, i mean chase. since wamu was directly shifted to chase i felt the subject was moot. i know jpm is the holding company. i guess for everyone involved i'll need to be more concise next time. sorry don.
Board as you talk about JPM you are not talking about the bank Chase, you are talking about the Holding Company. THJMW said "bank collapse" not holding company collapse. She is saying Chase could suffer from the reprecussions and therefore cause a "run on the bank" that could result in the FDIC having to take regulatory action and therefore the economy will be driven off a damn cliff again.
On that note, don't you think the FDIC would allow JPM to use their billions to inject money into Chase to keep it from going under? Unlike what they did with WMI and WaMu.