No matter how carefully you plan your goals they will never be more that pipe dreams unless you pursue them with gusto. --- W. Clement Stone
Tuesday, April 13, 2010
JPMorgan Chase Argues Against Mortgage Modifications, Citing Sanctity Of Contracts
Their PR keeps getting worse and worse. To call-out mortgages for their "sanctity of contracts," but then have a track record of not adhering to that principle (government bailout??) makes them look foolish. It will certainly cause a backlash - in the media, among the public, and yes, maybe even in Congress.
Read the Article at HuffingtonPost
Right up there with this moment from CEO Congressional Testimony Bloopers (you young whipper-snappers may not remember this one - looks like a "Saturday Night Live" sketch, but it's true) - watch:
David
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