JP Morgan Revealing The Recession May Be Over!

News broke just today that JP Morgan will be hiring 1200 mortgage officers across the U.S. For those of you who are not familiar with who they are, when the recession really started to hit hard JP Morgan was the bank who purchased Washington Mutual and offset several billion dollars of its own tax liability in the purchase.

They also purchased Bear Stearns, the other wall street bank, when they went under and were refused a bailout by the head of the Federal Reserve.

With JP Morgan hiring these loan officers and positioning them across the nation, one is left to wonder why they would be doing this during the greatest recession to hit the globe in at least 25 years. The explanation is that when the real estate market turns around JP Morgan wants to be positioned to best service home loan applicants. With most projections putting a real estate recovery about a year or more out, are they looking at some indicator most of us are missing?

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.

With the timing and apparent boldness of a bank robber, they are staging a real estate recovery that will help many homeowners. But, is it really helping someone when you stop causing the problem they suffered from in the first place?

The author enjoy writing articles on Boise Idaho real estate & Boise Idaho homes. Click on the links above to learn more!