
No Worries at JPMorgan

By Jim Cramer
About this article:
Sometimes you just have to step back from the small picture hubbub and make some assumptions about the new landscape if legislation passes.
If you look at the health care legislation you know that it is going to cut out some profitability for companies that have relied on the government for big profits, which means the companies that have the most Medicare exposure. So you go with the health maintenance company with the least Medicare exposure -- WellPoint. It simply can't get hit as badly as a Humana or a UnitedHealth because it doesn't have the exposure.
That's how I feel about JPMorgan Chase when it comes to banking. It's not a hedge fund seeking to fight regulation, it is not a thrift hoping to arbitrage legislation, it is not a credit card issuer trying to get a loophole going and it isn't a consumer protection racket...

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