Loading ...but I think the government will NEVER let JPM go under!
That would expose the whole charade, and the pitchforks would be everywhere. JPM knows that they have the full backing of the government behind them, and will continue to sell unbacked paper contracts.
IMHO, it will take some exogenous event for the system to be re-booted ( look how allegedly Donald Rumsfeld claimed that there were trillions of dollars unaccounted for, and then the building that again, allegedly housed that information, was blown up).
What that will be is anyone’s guess.