AlfonsoGomezBroker.com - This story broke on June 2, 2014 but it is OLD news to me. Having working full time in real estate through the market crash in 2006,07,08,etc. I personally saw the results of the bad loan given in 2004-05. Unfortunately the biggest group hit were minorities. These banks, not only JPMorgan Chase, were giving out bad loan to whom ever would take them all along knowing that they were mouse traps.
I don't think enough was, or has, been done to the top brass of these financial institutions but that's the story of our lives in this capitalistic market, which is the best market in the world mine you...
For the full L.A. Times article click HERE
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