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JP Morgan Chase Profit Surges 47%

Washington Post | J.P. Morgan Chase posted a record $4.83 billion quarterly profit Friday, buoyed by $2 billion in reserves added back to earnings as credit quality and the economy improved.

Last modified onFriday, 28 January 2011 11:50
John Galt

John Galt is our fearless leader.   Before founding The Galt Report, Galt worked as an engineer for the Twentieth Century Motor Company, where he secretly invented a generator of usable electric energy from ambient static electricity, but abandoned his prototype, and his employment, when dissatisfied by an easily corrupted novel system of payment. This prototype was found by Dagny Taggart and Hank Rearden. Galt himself remains concealed in a remote valley, where he unites the most skillful inventors and business leaders under his leadership.

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