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. Just in case you missed it, JP Morgan is the Wall Street bank who purchased home loan behemoth Washington Mutual for a fraction of their worth, when the real estate market collapsed, with tax payers money, of course. Does that jog your memory? 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.
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. 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 said that without using as many words.
My question is what do they know that we are not hearing from the media? They are hiring when it seems every other business is laying people off? To many of us, there is no logic in this decision, with the possible exception of them knowing more than all of us.
Since I have no choice, I now have to make my succinct point. The banks have been working diligently to under mine American homeowners and buyers, by holding back on financing real estate transactions to create a market surge that they can ride for higher profits.
As irrational as this decision seems to be, moves like this frequently predicate an unseen change to the vast majority of ignorant and uneducated onlookers, but to the real big players they tend to indicate a possible turn around in the real estate market for our nation! - 23210
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.
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. 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 said that without using as many words.
My question is what do they know that we are not hearing from the media? They are hiring when it seems every other business is laying people off? To many of us, there is no logic in this decision, with the possible exception of them knowing more than all of us.
Since I have no choice, I now have to make my succinct point. The banks have been working diligently to under mine American homeowners and buyers, by holding back on financing real estate transactions to create a market surge that they can ride for higher profits.
As irrational as this decision seems to be, moves like this frequently predicate an unseen change to the vast majority of ignorant and uneducated onlookers, but to the real big players they tend to indicate a possible turn around in the real estate market for our nation! - 23210
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posted by X - Men @ 2:48 AM
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