Chase financial advisor likes to moralize customers

From this blog post we find that a financial adviser employed by Chase likes to tell customers when he thinks they are in the moral wrong.

On October 27th 2011 I went in to have a chat with my bank, JP Morgan Chase to find out what investing options they have (if any). This was a pre-planned appointment based on a casual inquiry I had a week earlier with one of the tellers downstairs.

Went to the Chase Bank on Solano Avenue and was greeted by Emmett Peck who is the VP and a Certified Financial Planner (CFP).

I provided some background info and told him that I’ve had to go through a short sale and was looking for more information on other investment areas.

— Bought a home 3 years ago for 350k which is now worth 150k. Pretty much worthless.

1) Emmett Peck told me that it’s people like me walking away from our homes that are causing all these financial and economic problems we are facing today.
— yes, Emmett Peck a Certified Financial Advisor stared at me point blank with total conviction that he believes this to be the truth.

2) Emmett Peck also said that buying a home is NOT an investment. It’s to live in and is only for that purpose.

So if you are looking for some stellar advice from a condescending banker who blames the customer for the banking and economic problems (which apparently is caused by hardworking Americans who paid too much for their houses) — this is the bank you should make a beeline for.

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