“Too Big to Fail” has been a standard for a number of international investment banks, including JP Morgan (JPM) for many years now. We’ve seen that turn into “Too Big to Jail” where major violations of law result in nothing more than fines which have clearly been absorbed into the cost of doing business as they please. But the real problem is one of consistent hubris from a company too big for anyone to understand or even manage effectively. That’s the conclusion of the report issued by Sen Carl Levin into the “London Whale” losses at JPM’s London Office last April.
What happens when a company this large becomes so reckless that a major problem is inevitable? We might soon find out – at terrible expense. No matter what, their behavior is becoming a major problem that could give life to a movement that puts an end to the cozy relationship once and for all. Assuming, of course, we aren’t already too late.