JP Morgan Chase looks ready to repay TARP

Posted by Marc Hodak on March 23, 2009 under Scandal | Read the First Comment

Hey Barney, read between the lines

That’s the most likely interpretation of this news about JPMorgan Chase promise to upgrade its corporate jet fleet:

The financial giant’s upgrade includes nearly $120 million for two Gulfstream 650 planes and $18 million for a lavish renovation of a hangar at the Westchester Airport outside New York City….

Joseph Evangelisti, a spokesman for JP Morgan Chase, said no TARP money would be used to make payments for the new jets or hanger improvements…and that JP Morgan Chase will repay all TARP money before it makes any payments for new planes or renovations.

The critics are apoplectic.

HT: Dealbreaker.

pippen said,

ROFLMAO. Did you get Jamie to pose for this?