October 14, 2010
Your Friendly Neighborhood Banker…

…if you live in Guam. From the New York Times:

And even when banks did begin hiring to deal with the avalanche of defaults, they often turned to workers with minimal qualifications or work experience, employees a former JPMorgan executive characterized as the “Burger King kids.” In many cases, the banks outsourced their foreclosure operations to law firms like that of David J. Stern, of Florida, which served clients like Citigroup, GMAC and others. Mr. Stern hired outsourcing firms in Guam and the Philippines to help.

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Posted by Jerome Doolittle at October 14, 2010 01:47 PM
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