Recession Busting; The JP Morgan Approach!
2:54 AM
Apparently JP Morgan is hearing a different news report than most of the nation, as it recently announced plans to hire about 1200 loan officers 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. Does that jog your memory? I thought it might.
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 1200 loan officers are slated to be positioned all across the United States in local loan hubs and work from banks for easy access the local real estate markets. With numbers at recent lows, the decision to hire more loan officers seems confusing to many people. The reasoning that JP Morgan has provided for the hiring is to be in the best position to offer the highest quality of service to people who may want home loans when the real estate market improves. That is not an exact quote but you get the idea.
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.
Since I have no choice, I now have to make my succinct point. With more money on their minds, JP Morgan and Goldman Sachs, among other banks, have been delaying or ceasing funding for real estate purchases to stimulate a market sensation in home buyers and sellers.
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!
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 1200 loan officers are slated to be positioned all across the United States in local loan hubs and work from banks for easy access the local real estate markets. With numbers at recent lows, the decision to hire more loan officers seems confusing to many people. The reasoning that JP Morgan has provided for the hiring is to be in the best position to offer the highest quality of service to people who may want home loans when the real estate market improves. That is not an exact quote but you get the idea.
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.
Since I have no choice, I now have to make my succinct point. With more money on their minds, JP Morgan and Goldman Sachs, among other banks, have been delaying or ceasing funding for real estate purchases to stimulate a market sensation in home buyers and sellers.
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!
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