U.S. bank chief mobbed by angry borrowers(Reuters) - The mortgage chief of the United States' second largest bank was mobbed by angry borrowers on Tuesday after he invited customers to speak to him if they feared foreclosure of their homes.
He ran. He ran like a dog with its tail between his legs," said Bruce Marks of the Neighborhood Assistance Corporation of America (NACA), which helps homeowners avoid foreclosure. "He was scared to death because he doesn't really want to talk to homeowners."
The JPMorgan Chase executive was at a congressional hearing Tuesday in Washington when a lawmaker asked him who mortgage borrowers could turn to if they felt his bank's employees were not helping them hold onto their homes.
"Come to me," said David Lowman, chief executive for JPMorgan Chase's home mortgage business in response to the question from Massachusetts Democrat Barney Frank.
And what a joke this is. Barney Frank, The evil mad congressman who helped create all this horrendous disaster to come, questioning the banksters is like the fox guarding the hen house.
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