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Kirk Knight
"May I Be Your Fiduciary?"
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Would you prefer a sales person or a fiduciary? A sales person is out for a quick commission for himself whereas a fiduciary is someone who accepts the
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Kirk Knight answered:
Right Brain,
I concur on the BAD FAITH NEGOTIATING from WaMu.
We're at Day 311. (see link below)
I think WaMu's intransigence has something to do with JP Morgan Chase not wanting to accept any writedowns until management gets their bonuses.
We all know the WaMu loan portfolio is hollow. But until WaMu sells the properties, JP Morgan Chase apparently doesn't actually book the loss. No sale, no lose = profits = management bonuses!
Sign me up.
I say, AVOID WAMU Loans.
I concur on the BAD FAITH NEGOTIATING from WaMu.
We're at Day 311. (see link below)
I think WaMu's intransigence has something to do with JP Morgan Chase not wanting to accept any writedowns until management gets their bonuses.
We all know the WaMu loan portfolio is hollow. But until WaMu sells the properties, JP Morgan Chase apparently doesn't actually book the loss. No sale, no lose = profits = management bonuses!
Sign me up.
I say, AVOID WAMU Loans.
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