JP Morgan Chase loss report

To be fair, Jamie Dimon has been an examplary bank executive, keeping JPMChase away from the dangerous shoals that wrecked others in 2008.  And, he is quick to acknowledge the screw up was self-inflicted.  Perhaps JPMChase has become just too big to be run as one company. 

I wonder if the board has called a special meeting to find out what happened?  Are there shareholders clamoring for Dimon's head, or at least a clear fix of the cause of the stumble?  Regulators, of course, now will press ahead to tighten rules and invoke as much of the Volker rule as possible, or needed.

Maybe there's a much simpler solution to all of this.  Maybe the FDIC insurance premium should be calculated based on risks banks take with depositors money.  So a bank that takes moderate risk my pay X, and a bank taking the sort of risks JPM took on this trade would pay 4X.  The rules making doesn't then get fogged up in the debate over is it a hedge, a bet, an invesment...etc. etc. - it falls to underwriters at FDIC who after all absorb losses in case of a failure.

Of course, it's hard to argue with the statement "too big to fail means too big".