JP Morgan And It's Anticipatory Hiring Practices!
Recent news posted stating that JP Morgan was hiring 1200 loan officers at locations all across the nation. In case you did not know who they are, they are the wall street bankers who acquired WAMU to get out from under several billion dollars worth of tax money they owe to the government. Sound familiar? I thought it might.
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.
JP Morgan states that many of the mortgage officers that they are hiring will be stationed and loan centers all across the United States. What baffles me is their logic for the hiring trend. They are reported to have claimed that they want to be able to most dutifully service and serve home loan seekers when the real estate market does turn around. That is not an exact quote but you get the idea.
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? That does not make any sense to me, unless they know something not many other people do.
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.
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! - 23218
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.
JP Morgan states that many of the mortgage officers that they are hiring will be stationed and loan centers all across the United States. What baffles me is their logic for the hiring trend. They are reported to have claimed that they want to be able to most dutifully service and serve home loan seekers when the real estate market does turn around. That is not an exact quote but you get the idea.
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? That does not make any sense to me, unless they know something not many other people do.
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.
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! - 23218
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posted by X - Men @ 3:55 AM
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