I think JPMorgan Chase, and other TBTF Banks, benefit far more from being allowed to hold trillions in toxic assets off book, and not having to account for them to their stock holders. That's much better than a downturn, because the toxic asset obfuscation allows them to pretend they actually haven't miserably failed as a business, and profit handsomely at the Corporate Executive level.
Read the Article at HuffingtonPost
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