JPMorgan (NYSE: JPM) to Increase Staff in Asia by 40%. : American Banking News
For some reason this article really puts me on alert. Yes, I know that banks do overseas investments. But isn't it American money that built this bank? Aren't we trying to rebuild our economy? And, don't Americans have money invested in this bank? Is that really okay with everybody? Is that how you want your money used right now?
2 comments:
This is more about Asia than the US. Traditionally the Chinese keep their money in gold (my wedding band is 22 K). They have not trusted banks in the past. The move to banking is relatively new. It is a good move for us- since it means there will be far more middle class to buy our stuff.
The US has to be more careful about that huge loan that Bush took out from the Chinese. They are not known for being kind when they decide they want their money back....
Janette, thanks for sharing your thoughts on this subject.
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