Top of the Morning

Top of the morning

JP Morgan Chase Chairman Jamie Dimon said recently that he didn’t understand why corporate America has such a bad image these days. Yea, that’s a tough one.

Dimon’s comments were included in a story by ABC News that his company is planning to buy two new corporate jets and build the “premier corporate aircraft hangar on the eastern seaboard.”  The pricetag is a cool $138 million.

That would be the same JP Morgan Chase that has received $25 billion of our money in federal bailout funds.  That’s sure to improve its corporate image with mainstream America.

The company has a North Carolina tie. Crandall Bowles, the CEO of Spring Industries, Inc. is a board member of JP Morgan Chase. Bowles’ husband Erskine knows something about federal bailout money too.

Mr. Bowles is a board member of Morgan Stanley, which has received $10 billion in bailout money, and General Motors, which so far has received $14.2 billion in rescue funds.

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Trump + North Carolina News + Commentary
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.