HIGHWAY TO HELL

(J.P. MORGAN CHASE - A.K.A. HOUSE OF MORGAN - RESULTS CONFERENCE CALL, 3Q 2010)

Chris Kotowski
Okay. And then on a separate issue, can you comment with how comfortable you are about the robustness of the MERS [electronic registry designed to track servicing rights and ownership of mortgage loans in the United States] system. People have raised issues about MERS being both principal and agent and the separation of -

Jamie Dimon
We stopped a while back using them for that purpose. And so I don't think it's as relevant to us as to other people. And we're not going to comment on all the other underlying things. I think one of the things you've got to remember - you know there are, we've known, there are issues in the mortgage business. But for the most part by the time you get to the end of the process we're not evicting people who deserve to stay in their house.