Sorry, I'm resending this to fix the subject line. Pine
-- Garfield, Sounds good. Thanks for following up. Pine > Date: Mon, 18 Mar 2013 13:45:18 -0700 > From: Garfield Byrd <[email protected]> > To: Wikimedia Mailing List <[email protected]> > Subject: Re: [Wikimedia-l] Wikimedia Foundation Report, February 2013 > Message-ID: > <cah6pfjepswwbrtmoavhxdkzmasqqh-q2kzcnsavtaywap9c...@mail.gmail.com> > Content-Type: text/plain; charset=ISO-8859-1 > > Pine: > > Our relationship with JP Morgan Chase is that they handle part of our > international banking. This is a separate division of the bank from the > one that had the trading losses. I agree with you that this type of news > report is not good news. I have reviewed the information I have available, > and have determined that the money JP Morgan Chase is holding for the > Wikimedia Foundation is not at risk. > > When we did a review of banks that can handle our international > banking, unfortunately all of the banks we looked at were involved in some > sort scandal, from risky trades to LIBOR manipulation. This is not an > ideal situation for a community based movement and I am continuing to look > at options for all or some parts of our international banking needs. > > Regards, > > Garfield > > > > > On Fri, Mar 15, 2013 at 9:55 PM, ENWP Pine <[email protected]> wrote: > > > I'm curious, what is the nature of WMF's relationship with JP Morgan > > Chase? Given the stories that I'm reading in the news such as this one, > > http://dealbook.nytimes.com/2013/03/15/jpmorgan-executives-face-withering-questions-at-senate-hearing/?hpw, > > I'm uncomfortable with the idea that WMF has a business relationship with > > JP Morgan. > > > > Pine > > > > > > _______________________________________________ > > Wikimedia-l mailing list > > [email protected] > > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l > > > > > > -- > Garfield Byrd > Chief of Finance and Administration > Wikimedia Foundation > 415.839.6885 ext 6787 > 415.882.0495 (fax) > www.wikimediafoundation.org > > Imagine a world in which every single human being can freely share in > the sum of all knowledge. Help us make it a reality! > > *https://donate.wikimedia.org* > > > ------------------------------ > > _______________________________________________ > Wikimedia-l mailing list > [email protected] > https://lists.wikimedia.org/mailman/listinfo/wikimedia-l > > > End of Wikimedia-l Digest, Vol 108, Issue 63 > ******************************************** _______________________________________________ Wikimedia-l mailing list [email protected] Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l
