This is the reason why I left JP Morgan Chase Co, to start my own financial advisory boutique firm. This is what cause the financial crises in 2008 and The Dem and Bill Clinton refuse to accept the fact, that by lowering the credit standards for loan mortgages so anyone can qualified to get a mortgage was a very bad idea. On top of that, it was guaranteed by the tax payers. Anyone with common sense know that's not a good idea. By Letting low income, no credit, low credit, with no stable job history a loan, was a disaster in the making. This is why JP Morgan Chase survive the financial crisis, now they paying for it by not lowering credit quality standards of their customers. I hope they use all these settlements to lower the national debt.
No comments:
Post a Comment