JP Morgan Must Have A Crystal Ball!
Recent news posted stating that JP Morgan was hiring 1200 loan officers at locations all across the nation. In case you did not know who they are, they are the wall street bankers who acquired WAMU to get out from under several billion dollars worth of tax money they owe to the government. Sound familiar? I thought it might.
They also purchased Bear Stearns, the other wall street bank, when they went under and were refused a bailout by the head of the Federal Reserve.
The logic behind the hiring of these loan officers is the mystifying part of the deal. JP Morgan is claiming to be hiring the loan officers in anticipation of when the real estate market turns around so they can most efficiently serve home loan applicants. Strategically positioning these loan officers all across the nation, JP Morgan apparently thinks that the real estate market is about to rebound.
Is JP Morgan getting signals from somewhere other than the media, because all of the news here lately would indicate it is no time to hire new loan officers, no matter how big your bank is. With pink slips as common as pin striped suits, JP Morgan looks as if they are paddling upstream.
With everything revealed, I think it will be profoundly obvious that JP Morgan, and the only other remaining Wall Street bank, Goldman Sachs, have been working diligently to establish themselves as the exclusive source of credit, before turning back on the spigots of credit.
They are putting in a place the mechanism to make the real estate recovery emerge suddenly and lift many homeowners out of what would otherwise be a hopeless situation. My question is are you a hero if you present the cure for the disease you have caused? - 23223
They also purchased Bear Stearns, the other wall street bank, when they went under and were refused a bailout by the head of the Federal Reserve.
The logic behind the hiring of these loan officers is the mystifying part of the deal. JP Morgan is claiming to be hiring the loan officers in anticipation of when the real estate market turns around so they can most efficiently serve home loan applicants. Strategically positioning these loan officers all across the nation, JP Morgan apparently thinks that the real estate market is about to rebound.
Is JP Morgan getting signals from somewhere other than the media, because all of the news here lately would indicate it is no time to hire new loan officers, no matter how big your bank is. With pink slips as common as pin striped suits, JP Morgan looks as if they are paddling upstream.
With everything revealed, I think it will be profoundly obvious that JP Morgan, and the only other remaining Wall Street bank, Goldman Sachs, have been working diligently to establish themselves as the exclusive source of credit, before turning back on the spigots of credit.
They are putting in a place the mechanism to make the real estate recovery emerge suddenly and lift many homeowners out of what would otherwise be a hopeless situation. My question is are you a hero if you present the cure for the disease you have caused? - 23223
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posted by X - Men @ 3:47 AM
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