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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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