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Friday, August 01, 2008

JP Morgan doing well, building new EMEA HQ in London

Obviously they don't need to sponge off of everyone else which is great news. Apparently the countless sob stories of tough times on Wall Street are overrated so fine, let them go back to working for a dollar just like the rest of us. Maybe I have a different understanding of what a troubled market is but since they are building new offices in one of the most expensive cities in the world, they must be doing OK. By extending handouts to Wall Street we are enabling their luxurious lifestyle instead of letting them compete and survive or go bankrupt like other businesses. There's something very disturbing about this flashy venture but I'm sure Paulson and the Fed are happy to help out any way they can.

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