Alan Greenspan Says JPMorgan Still Has Implied Government Guarantee

24/7 Wall Street reports:

Get ready for the debate over “too big to fail” all over again. It is always interesting when a former Federal Reserve Chairman is out speaking about the world after their tenure. Former Fed Chairman Alan Greenspan was speaking at the 2014 Fiscal Summit, and it sounds as much as though there is the same sort of implied government guarantee for J.P. Morgan Chase & Co. (NYSE: JPM) as there is (or was) for Fannie Mae and Freddie Mac.

You can guess who's not for a free market in banking or pretty much anything else.