It's Marianne Lake, the CFO of JPMorgan Chase.In an investor day presentation Tuesday February 27, Lake went through the Wall Street giant's "Digital Everywhere" strategy. And later, JPMorgan chief Jamie Dimon, who's teamed up with Bezos and Warren Buffett's Berkshire Hathaway on a healthcare initiative, discussed Amazon Prime.Taken together, the comments hint at JPMorgan's vision of the future of banking.The new money tech is an industrial architecture. JP Morgan haves nothing to do with sandbox, they want a secret dark pool while governments leaves out the little guy.
Relying on the government debt cartel for protection will leave JP Morgan with huge regulation costs. The sandbox avoids regulation costs, we leave that up to buyer and seller.
The point, to repeat, government TBTF monopoly licenses are gone. When congress asks for the next fed bailout, sandbox insures we all participate. No more magic walrus.
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