Now, I am not a trial lawyer, but I bet the thought of all these neighborhoods – Boston Edison, the Villages or Hubbard Farms – coming together for some sort of class action lawsuit might get a bank lawyer a little twitchy. Who wants to defend yourself against a struggling, working class mother whose backyard was turned into a slum? Who wants to see children on the witness stand whose neighborhoods were gutted while your corporation raked in millions and then invested it in other places, in other assets, like for instance, art.
If you could see them, you’d realize that the art collections of the world’s banks are truly phenomenal. But unless you are a client or a staff member of the bank, you generally can’t see them. JP Morgan Chase’s collection was started by David Rockefeller in 1959. UBS has 35,000 objects, including a Lichtenstein worth $4.5 million. Deutsche Bank has a slightly larger collection; its 37,000 objects make it the largest corporate art collection in the world. Bank of America believes their collection should be available to the public to see, which is generous of them – sounds sort of like a museum – but, according to Forbes, they also refuse to share information about their collection with the general public, making it not like a museum, really, at all.
Now, I am not a trial lawyer, but I bet the thought of all these neighborhoods – Boston Edison, the Villages or Hubbard Farms – coming together for some sort of class action lawsuit might get a bank lawyer a little twitchy. Who wants to defend yourself against a struggling, working class mother whose backyard was turned into a slum? Who wants to see children on the witness stand whose neighborhoods were gutted while your corporation raked in millions and then invested it in other places, in other assets, like for instance, art.
If you could see them, you’d realize that the art collections of the world’s banks are truly phenomenal. But unless you are a client or a staff member of the bank, you generally can’t see them. JP Morgan Chase’s collection was started by David Rockefeller in 1959. UBS has 35,000 objects, including a Lichtenstein worth $4.5 million. Deutsche Bank has a slightly larger collection; its 37,000 objects make it the largest corporate art collection in the world. Bank of America believes their collection should be available to the public to see, which is generous of them – sounds sort of like a museum – but, according to Forbes, they also refuse to share information about their collection with the general public, making it not like a museum, really, at all.
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