Thursday, February 10, 2011

JP Morgan Makes Case For Mortgage Reform

Luke Ford writes:

JPMorgan Chase (JPM.N) Chief Executive Jamie Dimon emerged from the financial crisis of 2008 as America's most respected banker. He has done nothing since to lose that title.

So when Jamie Dimon speaks, people listen.

Reuters reports:

The second-largest U.S. bank holds billions in problem mortgages, even though Dimon is often credited for steering JPMorgan past the worst of the losses experienced by its peers during the financial crisis.

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