Right

Blackstone on Chase, via Bloomberg:

“Occasional losses are inevitable,” said Blackstone Group LP’s Stephen A. Schwarzman, 65, CEO of the largest private- equity firm. “Publicly excoriating JPMorgan serves no purpose except to reduce people’s confidence in the financial system.”

And when the putatively best run bank vaporizes $2+ billion, it also tends to reduce people's confidence in the financial system. Regardless of whether we talk about it.