JPM says it will hire 1,200 loan officers.

Well, they hope it will get investors excited they are going to make all these loans and profits and send their stock price up—–more BS from the PR masters of deception—-bulls will bite and bears will not.

2 days ago a survey showed banks are not lending—not because of enough loan officers, because they know this economy is going down.

In fact, banks are turning down bank loans on bank owned homes, with multiple officers and taking 1/2 the price for cash. In other words they feel those homes with loans will be underwater next year and fail again–cash does not fail.

- Ken

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