JPMorgan Chase Spends $500 Million On a Data Center 275
1sockchuck writes "JPMorgan Chase spends $500 million to build a data center, according to CEO Jamie Dimon. That figure places the firm's facilities among the most expensive in the industry, on a par with investments by Google and Microsoft in their largest data centers. Dimon discussed the firm's IT spending in an interview in which he asserts that huge data centers are among the advantages of ginormous banks. Dimon also offered a vigorous defense of the U.S. banking industry. 'Most bankers are decent, honorable people,' Dimon says. 'We're wrapped up in all this crap right now. We made a mistake. We're sorry. It doesn't detract from all the good things we've done. I am not responsible for the financial crisis.'"
We're Sorry... (Score:5, Funny)
Ya... they're sorry; sorry all the way to the bank!
Wait...
"Decent, honorable people" (Score:5, Funny)
Yeah, and serial killers are always described as real nice people by their neighbors.
Hey Morgan, (Score:0, Funny)
hope you have cancer. Now go fuck yourself.
Re:Huh. (Score:4, Funny)
[citation needed]
Specifically, I'm wondering which government program (or anybody else, for that matter) provided the funds for loan #2? I doubt it'd be the Federal Reserve Bank, which wouldn't lend out that much money in the first place (hence necessitating the bailouts) without more cash being in the JPM's reserves.
In fact, JPM's corporate debt is at its lowest since the bailout [ycharts.com], regardless of the source.
That's okay... you can feel free to keep ranting about politics if it makes you feel better.