JP Morgan Goes Against The Grain To Hire!
With defaults on the rise JP Morgan is apparently hearing the beat of a different drummer, as illustrated by their recent announcement that they will be hiring over 1100 new loan officers this year. JP Morgan should be a familiar name to you since they are the Wall Street bank who used taxpayer dollars to acquire Washington Mutual for pennies on the dollar when the real estate market started crashing. Ringing a bell yet? Pretty sure it helped out.
JP Morgan also purchases the fallen Wall Street foe, Bear Stearns, after Bear was rejected for bailout fund by former Goldman Sachs head Ben Bernanke and his crony, Hank Paulson.
JP's main strategy states that the new loan officers will be strategically placed across the nation and will work from local loan hubs and banks. The confusing part is the reasoning for the hiring decision. The explanation states that they can render the best service to people seeking home loans and be best positioned for when the real estate market does in fact turn around. They didn't use those exact words, but it does communicate the point.
All of this leads you to ask exactly what are they seeing that so many other are apparently not seeing? Every week people seem to be losing their jobs more than ever before? That does not make any sense to me, unless they know something not many other people do.
Ok, I will stop making statements that don't communicate my real intent. 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.
You frequently see these kinds of confusing moves when an accounting department is trying to hide something that they don't want divulged, but this action may signal a turn around for our national real estate market! - 23221
JP Morgan also purchases the fallen Wall Street foe, Bear Stearns, after Bear was rejected for bailout fund by former Goldman Sachs head Ben Bernanke and his crony, Hank Paulson.
JP's main strategy states that the new loan officers will be strategically placed across the nation and will work from local loan hubs and banks. The confusing part is the reasoning for the hiring decision. The explanation states that they can render the best service to people seeking home loans and be best positioned for when the real estate market does in fact turn around. They didn't use those exact words, but it does communicate the point.
All of this leads you to ask exactly what are they seeing that so many other are apparently not seeing? Every week people seem to be losing their jobs more than ever before? That does not make any sense to me, unless they know something not many other people do.
Ok, I will stop making statements that don't communicate my real intent. 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.
You frequently see these kinds of confusing moves when an accounting department is trying to hide something that they don't want divulged, but this action may signal a turn around for our national real estate market! - 23221
About the Author:
The author enjoys writing articles about boise idaho reos for sale & boise idaho reos. Click on the above links to learn more about these topics!
posted by X - Men @ 3:48 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home