My point of view is that the huge taxpayer bailout of the banks and of the auto firms shouldn't have happened. Instead of letting GM go through bankruptcy, Obama threw taxpayer money at it and then turned it over to the unions. GM is essentially being run by a combination of the U.S. government and the unions. If that's not a scary proposition I don't know what is.
Morgan makes $15 billion a year, a few billion isn't going to sink the ship. Obama and his cronies are using this minor blip as cover for his failed policies over the last three years. Anything to distract from the real financial catastrophe that the U.S. government has wrought.