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Is JP Morgan to blame that the guy you voted for gave it some money to spend on its biggest customers? You fail to see that JP Morgan is just the middle man.
by thefounder 7y ago
Is JP Morgan to blame that the guy you voted for gave it some money to spend on its biggest customers? You fail to see that JP Morgan is just the middle man.
- ardy42 7y ago> Is JP Morgan to blame that the guy you voted for gave it some money to spend on its biggest customers? You fail to see that JP Morgan is just the middle man. Yeah. We blame people and organizations all the time for things that they were legally permitted to do but were selfish, short-sighted, or stupid. Frankly, JP Morgan should try to be more like Shake Shack (not that Shake Shack was perfect, but at least they recognized and corrected their error: https://www.nytimes.com/2020/04/20/business/shake-shack-returning-loan-ppp-coronavirus.html https://www.nytimes.com/2020/04/20/business/shake-shack-retu...)
- IG_Semmelweiss 7y agoNonsense. The ethical calculus of both JPM and Shakeshak are identical. What is different is the cost of that decision. shakesak has significant cost to its brand whereas JPM has no brand equity left. Shakeshak customers have alternatives, whereas JPM customers dont care or cant bail since bank options are limited