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: Mortgage Lender Implode-o-Meter

After a Careful Review of JP Morgan?s Earnings Release, I Must Ask ? ?What the Hell Are Those Boys Over at JP Morgan Thinking?????

By Implode-Explode Heavy Industries

"JPM is leaving no stone unturned in propping up its operational performance and giving out green signals, even if it involves the most unsustainable measures. While in 1Q10, trading income came to the rescue of the sagging core operations, in 2Q10, it was management?s over-exuberance (defying logic and rationality, to some extent) resulting in drastic reduction in loan loss provisioning and beefing up the bottom line."

Full post as published by Mortgage Lender Implode-o-Meter on July 16, 2010 (boomark / email).