JPMorgan Chase not as bad as the Nazis, report findsBreaking News
tags: NYT, DealBook, JPMorgan Chase, Monte Cassino
An outside review of Bloomberg L.P.’s practices found that a controversial article that compared the damage in an Italian town after a bad deal with JPMorgan Chase to the fallout from the Nazis’ occupation in World War II went “too far.”
The 2011 article, which JPMorgan complained about at the time and Bloomberg declined to change, has long been a sore spot between the bank and Bloomberg and was recently mentioned in a New York Times article that focused on the friction between Wall Street and Bloomberg.
“In one of the great campaigns of World War II, Monte Cassino was completely destroyed in a wave of battles that claimed 75,000 casualties and the lives of hundreds of townspeople. To suggest that a bond deal gone sour, curtailing daycare for 60 children and services for the poor, is comparable to the terror and cataclysm of war is inconsistent with BN’s high standards,” Clark Hoyt, an editor-at-large at Bloomberg News and a former public editor of The Times, found in his review, which focused on the relationship between Bloomberg’s news and commercial operations....
comments powered by Disqus
- Savannah Approves Changes to Confederate Monument From 1875
- Law Professor Eric Posner Proposes Bringing Back Indentured Servitude
- Public Rates Presidents: Kennedy, Reagan, Obama at Top
- Elizabeth Warren’s striking speech responding to Trump’s “Pocahontas” taunts
- When the next generation looks racially different from the last, political tensions rise
- Was This Technology historian plagiarized? Sure seems like she was.
- Meet the new authorized historian of Britain's communications intelligence agency
- Lerone Bennett Jr., journalist and historian of African American life, dies at 89
- Right after the Civil War, says Stanford's Richard White, Americans were really hopeful, then reality hit
- What departments of history are doing about lower enrollments