Forming opinions in the absence of facts is a dangerous business, which is why it’s premature to draw conclusions about whether the government is on the right track with its investigation of JPMorgan Chase & Co.’s hiring practices in China. That said, if the feds are going to make a case, they will need a lot more evidence on the bank than what the New York Times offered today in its latest article on the subject. Maybe they will find it.
The article relies on information from people whom the Times didn’t identify. So it’s sometimes hard to tell whose version of events we’re getting -- the government’s or JPMorgan’s. The article does refer to a “confidential government document” as a key source, although it obviously isn’t very confidential because the Times said the document was sent to JPMorgan.
See full Article: http://www.bloomberg.com/news/2013-08-30/what-s-the-difference-between-u-s-chinese-corruption-.html
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