The Real Reason JPMorgan Can't Be Broken Up Left Off Official Presentation

The real reason JPMorgan Chase can’t be broken up, because of its overwhelming political power, is the same reason it should be broken up JPMorgan had a clear message at its Tuesday Investor’s Day: don’t even think about breaking up this most power banking juggernaut. JPMorgan’s Chief Financial Officer Marainne Lake, the smoother of a dynamic duo formed with the bank’s CEO Jamie Dimon, produced a financial document designed to deliver this most powerful message, but the most important reason why the bank can’t break up was actually left out of the presentation. $6 to $7 billion in cost savings…