“Walk into a Chase branch and we can give you so much quicker, better and faster,” Dimon says, referring to the bank’s array of loans, credit cards and investment products. “Like Wal-Mart. ” It is an intriguing comparison; this is how Dimon wants to be seen — as a retailer with 5,200 branches nationwide whose products happen to be financial services. The reason that J. P. Morgan runs so many disparate businesses, he says, is that they aren’t really disparate. Just as customers in Wal-Mart shop for groceries as well as televisions, people who want credit cards also need mortgages; small businesses that require commercial loans occasionally need an investment banker; and all of the above need a place to put their assets.

Is Wal-Mart really just selling stuff produced by, uhm, Wal-Mart?
This is so wrong, I do not even know where to start.

I just hope this really shameful advertorial for JPMorgan Chase is just a make good preparing the NY Times for some really nasty wikileaks on megabanks behaving badly.