And when that fails, arm-wrestle some sense into them, winner takes all? We have no idea but let's grab on to the shred of hope gleaned from an unofficial e-mail sent out last night by Jes Staley, global head of JPM's asset and wealth management division:
I'm sure most of you have seen the House of Representatives' bill regarding employee bonuses at firms that have received TARP funds. While it is necessary and appropriate to keep my comments brief, given the evolving issues, please know that the Operating Committee and Government Relations are working hard on all of the challenges we are currently facing. Thank you sincerely for staying focused on our clients and our business.