Are bankers really this boneheaded? Firm caught in yet another PR disaster
No wonder they lost all our money. Amid populist outrage over excessive spending among Wall Street firms and banks, JPMorgan Chase has decided to proceed with its $138 million plan to buy two new luxury corporate jets and build “the premiere corporate aircraft hangar on the eastern seaboard.” A spokesperson for the bank said none of the firm’s $25 billion in TARP handouts will pay for the jets and hangar. So now it’s official, get out the pitchforks and torches.