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JPMorgan Chase Approves $6.4 Billion in Loans in Texas

American Banker  |  Wednesday, May 6, 2009

JPMorgan Chase extended more than 300,000 new loans and lines of credit totaling almost $6.4 billion to individuals and businesses throughout Texas during the first quarter of this year...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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