Now that the previously reported "fine" of $400 million which the firm just got slapped with following its manipulation of various energy markets, is fact...

JPMORGAN AGREES TO PAY $410 MLN TO SETTLE U.S. ENERGY PROBE

... One may say JPM has just admitted it is the next Enron. One would be wrong: "JPMVEC admits the facts set forth in the agreement, but neither admits nor denies the violations." In other words, JPM is a Schrodinger Enron: it admits the facts that the company best known for manipulating electricity - a charge which in 2000 was enough to crush the company, and which is now a fine equal to 0.4% of the firm's $99.5 billion in revenues - but neither admits nor denies this.

But the biggest question plaguing Jamie Dimon this morning, is whether he will pay the $410 million FERC find with a personal check... or petty cash.

Full FERC release: