Tuesday, March 17, 2009

43 House Dems Blast JP Morgan's Plan to Invest $400M in India

TPM:

It seems there's no end to the frustration on Capitol Hill over the behavior of bailed-out banks. On a day when AIG remained the No. 1 target of populist wrath from both parties, 43 House Democrats dashed off a letter to JP Morgan Chase CEO Jamie Dimon, blasting the bank's plan to spend $400 million on expanding its Indian IT workforce.

The letter, spearheaded by Rep. Mary Jo Kilroy (D-OH), whose state has 15,000 JP Morgan Chase employees, can be found after the jump, along with the names of co-signers (including Financial Services Committee Chairman Barney Frank [D-MA]).
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