JP Morgan Acting Proactively Following Indicators!
By Guest
News broke just today that JP Morgan will be hiring 1200 mortgage officers across the U.S. For those of you who are not familiar with who they are, when the recession really started to hit hard JP Morgan was the bank who purchased Washington Mutual and offset several billion dollars of its own tax liability in the purchase.
Offsetting further tax liability, they also purchased Bear Stearns when their outlook began to sour and bankruptcy looked eminent for them. Bear Stearns was denied a bailout by former Goldman Sachs head Ben Bernanke, otherwise they may have received TARP money as well.
With JP Morgan hiring these loan officers and positioning them across the nation, one is left to wonder why they would be doing this during the greatest recession to hit the globe in at least 25 years. The explanation is that when the real estate market turns around JP Morgan wants to be positioned to best service home loan applicants. With most projections putting a real estate recovery about a year or more out, are they looking at some indicator most of us are missing?
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.
To be blunt, the only 2 remaining Wall Street banks have been holding bank the credit industry in order to put in place the perfect rush of business that they will be perfectly positioned to capitalize on. This does come to a staggering cost at the expense of the American consumer and many small businesses.
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?
The author enjoy writing articles on Boise Idaho real estate & Boise homes. Click on the links above to learn more!
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MLA Style Citation:
Guest, Guest "JP Morgan Acting Proactively Following Indicators!." JP Morgan Acting Proactively Following Indicators!. 28 Dec. 2009. uberarticles.com. 6 Apr 2012 <http://uberarticles.com/home-and-family/the-prophetic-guidance-of-jp-morgan/>.
APA Style Citation:
Guest, G (2009, December 28). JP Morgan Acting Proactively Following Indicators!. Retrieved April 6, 2012, from http://uberarticles.com/home-and-family/the-prophetic-guidance-of-jp-morgan/
Chicago Style Citation:
Guest, Guest "JP Morgan Acting Proactively Following Indicators!" uberarticles.com. http://uberarticles.com/home-and-family/the-prophetic-guidance-of-jp-morgan/
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