Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules... To depart upon any occasion from those rules in consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.Adam Smith, Economist (1723-1790)
JP Morgan Chase is a casino bank which has gambled away at least $3 billion of its assets (money held in surety on behalf of American customers) and must not be bailed out with American tax dollars. As the economist Adam Smith has pointed out, though the banking industry would like mere people to believe that it is impossible to responsibly understand the financial world, the industry lies.
Banks can be regulated and made accountable. If a corporate entity such as JP Morgan Chase chooses to "depart upon any occasion from those rules in consequence of some flattering speculation of extraordinary gain...", should such departure be fatal to the corporate entity, let it be so. "To depart ... from those rules ... is ... frequently fatal to the banking company which attempts it." If a corporate entity is "too big to fail," it is too big to exist and should be terminated.