The Importance of JPMorgan Chase in the Economy

When first Republic collapsed, it would work in Madam Friday, nobody bought it. First Republic had a ton of really wealthy clients that they were advising,. They're famous for this list of clients. It really fit well with JPMorgan Chase's business. But also Jamie Diamond, as we call him on the business desk, he's always getting involved in these deals. He's always coming into the rescue because at the end of the day, as the biggest bank in the country, it serves his interest to make sure that everything's working in an orderly manner.