American Express and JPMorgan Chase, after having received, $28.4 billion in taxpayer bailout money sponsored a week-long squash tournament in New York. According to sources close to each company, JPMorgan Chase put up $100,000 and American Express put up $25,000.
During the same week the tournament was going on, Congress was denouncing Wall Street's wasteful spending of taxpayer bailout money.
I know I didn't get an invitation to the squash tournament. I would have enjoyed hobnobbing with the rich and famous and a rousing game of squash while wondering what the poor folk were doing. I am truly glad to see our taxpayer dollars are being used to sponsor squash games.
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