JP Morgan Chase & Co’s Jamie Dimon Comments on CRE

Posted on July 16, 2009, 11:22 am, by Chris Rodriguez, under Economy, Finance, REO.

Jamie Dimon, CEO of JP Morgan Chase & Co. comments on CRE during the JPM conference call this morning:

Commercial Real Estate in the United States of America is going to get worse consistently over the next several quarters. That should not be a surprise to anybody……… It is a big deal for regional banks.

(HT – Calculated Risk)

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