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There is legislation in both the House and Senate aimed at breaking up large banks that are deemed: "Too big to fail."
Against this backdrop, Jamie Dimon of JPMorgan Chase (JPM) said "If some unforeseen circumstance should put this firm at risk of collapse, we should be allowed to fail."
Dimon went on to say writing in Friday's Washington Post: "The term 'too big to fail' must be excised from our vocabulary." Dimon also argued against limiting banks' size saying that increased scale can benefit customers.
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