Letter: Profits are up, but jobs slashed

Traders work on the floor at the New

Traders work on the floor at the New York Stock Exchange on New Year's Eve. (Dec. 31, 2012) Photo Credit: AP

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You printed an article stating that profits at U.S. banks had jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years ["U.S. bank profits rise 37 percent," Business, Feb. 27].

On the preceding page, a different article states that JP Morgan Chase will eliminate jobs ["JPMorgan slashing as many as 19,000 jobs," Business, Feb. 27].

What's wrong with this picture? Where is the outrage?

Dan Morrin, Plainview

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