JP Morgan Acting Proactively Following Indicators!
Nov 21, 2009 Home Based Business
JP Morgan apparently is expecting the U.S. economy to turn around fairly soon, because they are in the process of hiring several hundred mortgage officers from all across the country. If you do not quite recall who JP Morgan is, they are the wall street bank who made national and global news by offsetting over 5 billion dollar in their own corporate tax by purchasing then flagging Washington Mutual in one of the largest bank take overs in history.
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 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.
Where are they getting their signals from? The media has only projected more doom and gloom so they must be privy to information that is much more optimistic than what most of us are reading or hearing. With bailout money in their pockets they must be priming the pump for their next big business leap.
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?
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