Apparently Jamie Dimon agreed on Meet the Press that it would be appropriate allow the government to wind down failed TBTFs, to wipe out equity, fire the board, retire the name and pull the company apart should it cause an economy wrecking financial crisis. I suspect he remains confident of the unwillingness of the D.C. politicians and regulators to kill one of the biggest of the golden egg laying geese.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."