And describing Jamie Dimon as a mediocrity is simply ignorant. JPMorgan has outperformed all the big banks for the past 10 years, and it's not close.
JPM is tied up in billions of dollars of loans to WeWork, but those loans are commercial mortgages. Typically those loans are largely underwritten based on the building and real estate rather than focusing the borrower. Presumably the loans were made on the same terms they would be made to a REIT, based on what revenue the building can support. If WeWork fails, well then JPM owns the building.
JPM is tied up in billions of dollars of loans to WeWork, but those loans are commercial mortgages. Typically those loans are largely underwritten based on the building and real estate rather than focusing the borrower. Presumably the loans were made on the same terms they would be made to a REIT, based on what revenue the building can support. If WeWork fails, well then JPM owns the building.