PI Original Josh Kalven Monday March 23rd, 2009, 1:21pm

Bill's Bank

Last week, we noted that JPMorgan Chase Midwest Chairman Bill Daley will likely have a tough time during his potential 2010 U.S. Senate bid with reports swirling around that his bank may expand its outsourcing (this after taking $25 billion in federal bailout funds).  ...

Last week, we noted that JPMorgan Chase Midwest Chairman Bill Daley will likely have a tough time during his potential 2010 U.S. Senate bid with reports swirling around that his bank may expand its outsourcing (this after taking $25 billion in federal bailout funds).  Today brings another example of the type of headline that will cause his campaign major headaches. 

From ABC News

JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar

Embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build "the premiere corporate aircraft hangar on the eastern seaboard" to house them, ABC News has learned

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