Sept. 30 (Bloomberg) -- It was surprising to hear JPMorgan Chase & Co. Chief Executive Jamie Dimon say, "It would be a very bad long-term policy error to have banks that are too big to fail."
Dimon, after all, runs one of the biggest members of the too-big-to-fail club. Things became clearer when he quickly added, "By that I don't mean make the banks smaller. We're large because we have a reason to be large."
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