Turns Out the Banking Collapse Is Good for NY Architecture


Okay, enough of the UK — let’s get back to the States where we feel safe and better understand the currency and various accents. We also return to yet another interesting take on the Bear Stearns collapse, this time from Portfolio who says JP Morgan snatching them up means good things for New York and architecture in general, chiefly because it means Morgan probably isn’t now going to go ahead with their plans to build an ugly new headquarters, cheapening up the look of the new World Trade Center buildings, since they can now just move the whole shop over to Bear Stearns’ fancy, “worth more than the company itself” office. Portfolio also points to this interesting story between their covers, comparing who looks better and who is more green in the big business of banking. Both very good, very quick reads.