They take particular offense at being criticized and blamed for the economic crisis. As we all know now, it was all the fault of Clinton letting poor minorities get housing loans, right? It was either that or some other group of people who have much less to spend on lobbyists and bilge water like Tony Blair. Either way, the global crash was certainly the fault of someone other than the architects of modern finance. They're all much too smart, come from the right families and the right schools and are respected business people so there's no way they could be responsible.
Remind me again why Bush and Paulson let this group off so easily?
Property sources say the bank is ready to abandon its stalled £1.5bn project and relocate into the huge building that was occupied by Lehman, until its spectacular demise two years ago.It is interesting to note that even with the new government, the love they had hoped for has not yet materialized.
The bank agreed a deal with Canary Wharf Group (CWG) in late 2008 for the development of new purpose-built offices, but has still not committed to the project. Sources close to JP Morgan, which employs Tony Blair, the former prime minister, as an adviser, admit that the delay is largely down to senior officials being furious at the UK Government's portrayal of the financial sector as the villain of the recession.
It is understood that JP Morgan is also irritated that the criticism of the banking system has not abated since the Coalition came into office. Last year, sources warned it was considering scrapping the project over tax increases and an orchestrated campaign of "banker-bashing" before the election.
