A choice is the root of all morality. Without choice, one can have no moral code. In a vacuum bereft of alternatives, there can be no values. And without values, there can be no reason for a code of ethics. What gives our lives meaning is which alternatives we choose. If we have no options, if we can take but one path, we are by definition slaves.
Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.