2012-09-12huffingtonpost.com

During Barclays' Global Financial Services Conference on Tuesday, the CEO of JPMorgan Chase defended too big to fail banks in a fireside chat of sorts.

"There are huge benefits to size," Dimon argued, adding that the large size of his bank allowed it to be "a port in the storm" during the 2008 financial crisis, according to The New York Times. "Big banks have a function in society."


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