Recession Breaking; The JP Morgan Way!
Recent news posted stating that JP Morgan was hiring 1200 loan officers at locations all across the nation. Their name may be familiar because when the real estate market first started to crash, JP Morgan purchased mortgage lending giant Washington Mutual for a fraction of their worth with tax payer money. Ringing a bell yet? I thought that it would.
Also on their procurement list was fellow Wall Street bank, Bear Stearns, who was denied a bailout by Goldman Sachs Fed Reserve Head, Ben Bernanke and buddy Hank Paulson.
The central strategy for hiring the additional 1200 loan officers is to place them across the country in loan centers and banks, for easy access to all real estate markets. What baffles me is their logic for the hiring trend. With the stated justification being that the real estate market could be turning around and beginning to show signs of improvement, JP Morgan simply wants to be in the best possible position for the home loan clientele. That is not an exact quote but you get the idea.
It all begs the question as to what news is they basing their decisions on? Any particular week, the unemployment figures loom and swell to larger levels than the previous week? That does not make any sense to me, unless they know something not many other people do.
To get to the heart of the matter, I will make my main point. JP Morgan and Goldman Sachs have both been waiting to start lending again to maximize their own profits at the expense of the American consumer and home buyers and sellers expense.
Given that these kinds of illogical moves are typically seen when the CEO of a company dumps his stock the day before the company goes public with some bad report, we may be seeing the end of a suppressed real estate market very soon! - 23199
Also on their procurement list was fellow Wall Street bank, Bear Stearns, who was denied a bailout by Goldman Sachs Fed Reserve Head, Ben Bernanke and buddy Hank Paulson.
The central strategy for hiring the additional 1200 loan officers is to place them across the country in loan centers and banks, for easy access to all real estate markets. What baffles me is their logic for the hiring trend. With the stated justification being that the real estate market could be turning around and beginning to show signs of improvement, JP Morgan simply wants to be in the best possible position for the home loan clientele. That is not an exact quote but you get the idea.
It all begs the question as to what news is they basing their decisions on? Any particular week, the unemployment figures loom and swell to larger levels than the previous week? That does not make any sense to me, unless they know something not many other people do.
To get to the heart of the matter, I will make my main point. JP Morgan and Goldman Sachs have both been waiting to start lending again to maximize their own profits at the expense of the American consumer and home buyers and sellers expense.
Given that these kinds of illogical moves are typically seen when the CEO of a company dumps his stock the day before the company goes public with some bad report, we may be seeing the end of a suppressed real estate market very soon! - 23199
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posted by X - Men @ 5:08 AM
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