[AnonMO]

a better bank would have been Wells Fargo. Chase and JPM are not in the same category they are profit machines with great balance sheets. that's why they swooped in last year during the bank crisis and took over some banks.

[dylan604]

Wells Fargo is a better example of criminal vs negligent. Has Boeing verged into criminal? It's not like they were continuously bilking the gov't for all of this, which to me keeps them out of criminal. but of course, IANAL

[roughly]

Yeah, I'm mostly referring to Chase's relationship with the Fed, FDIC, and regulators - they're clearly the bank of choice for rescuing distressed banks, and they're the largest bank in the country by a pretty substantial margin.

You're right about the difference, though - they're stable, well-run, and with a solid balance sheet, and it's clear the tradeoff for being effectively the Bank of the US is they're regulated and stress-tested six ways to Sunday.

If that were the model being applied to Boeing, this'd be a different story, but I think there's been a clear decision made that Chase is critical infrastructure and should be treated & audited like it that hasn't been made about Boeing yet.