JP Morgan moving from US ahead of potential legislation

"JP Morgan's (JPM.N) private bank has embarked on an international expansion in a bid to reduce its focus on the United States, expand its Europe footprint and join the battle to tap the ultra-wealthy in emerging markets.

"MIDDLE EAST

"In Europe and the United States many are relying on capturing market share from rivals by poaching staff and clients, though Garnica noted corporate activity remains robust in some Middle Eastern markets.

"The Middle East is our biggest business and it continues to be a region where there is wealth creation. Again we have aggressive plans to grow there," he said."

Nickle here: Winds of change blowing down the immaculate hallways of JP Morgan's executive offices. Their confidence in the US political system begins to ebb as more and more Americans express their anger at the banks driving the US economy into ruin. The bankers can see the subtle changes in the US consciousness and they look to the riots in Greece.

"GREEK PEOPLE are disillusioned, bitter and frightened by a financial meltdown that has taken their country to the brink of bankruptcy. As anger mounts, the country’s dynastic political class is under fire."

Imagine millions of armed Americans standing with them. Seemingly unimaginable today, a very real future approaches where those issues faced in Greece are recongized as existing within the US. So the bankers, like JP Morgan, move on in the same way that a parasite leaves its host, once the host can no longer feed it in the way it has become accustomed to. That it is the Middle East they have chosen to move on to is a further cackle of contempt for the US economy they helped destroy.