In what has caused a shockwave throughout the financial community, JP Morgan Chase will be looking to accept the letters of resignation from Ina Drew, since the financial house has been found to have lost up to $2 billion due to financial mismanagement through bad investments. This controversial news was reported by an industry insider just this weekend.

The accused is the well known Chief Investment Officer of the company, Ina Drew. The anonymity of the source is currently protected due to the sensitive nature of the news. It has been said that along with her resignation, there were a few more people related to the situation that are going to be forced to tender resignations as well. 

In the disclosed regulatory filing, Drew was getting paid $15 – 16 million dollars per year since her promotion as the chief investment officer. This has put her up in the upper echelons of Wallstreet.
JP Morgan Chase is one of the most prominent in the nation and it is now "looking for ways to alleviate the problem left by the $2 billion losses," as was quoted from Jamie Dimon, JP Morgan Chase CEO.
This news comes at a really bad time, as the company lost 10% in stock prices just this Friday alone. This situation puts a great strain in the regulations that have been set by the government these past three years. Many small time local stockholders like Dr. J of http://drjdallasplasticsurgeon.com and members of the chamber of commerce have expressed concerns over the overall company mismanagement of funds by saying, "This hurts of lot of Dallas area investors unfortunately."

After years of nurturing the reputation of being an expert in managing risks and other financial rollback, this will be a great blow for Dimon. There is a significant chance that people will start questioning the competence of Dimon as well.

Additionally, it was also revealed that one of the other executive to follow Drew in tendering resignations might be Bruno Iksil. Mr. Iksil has been known all throughout as being a big 'better' in the stocks and investments aspect of the business, with big losses coming very often as of late.
A surprisingly candid Jamie Dimon said in an interview, “We made a terrible, egregious mistake; there’s almost no excuse for it.”

There are many industry insiders that are taking his choice of words very seriously though. They remarked upon the fact that he added ‘almost’ at the end. This could be used as a leeway to defend himself if he would ever find a willing scapegoat to blame.

It was explained later that these losses mostly came from credit derivatives, that these were used as a hedge to deal with possible financial risks. This would therefore not make their bank any kind of feasible profit.

Dimon was also quoted supporting the authority that the government held in the financial district, though he said that there would be no need for such things with JP Morgan, as he believes that they are “very strong.”  - courtesy Raphael Liloc
 
 
The purchase of commercial real estate is not exactly what I would call a small purchase. I decided now was the time to get into some commercial property investment as the market seems to be on an upswing, and I'm glad I did.  It's a small spot in North Dallas, near Southlake, and I love it.

Plenty of investors are deciding to invest in commercial real estate in Dallas, TX rather than in any other area of the South for a variety of reasons. The mortgage numbers in DFW are also steady and commerce thrives everywhere in between the two hub cities.  HEB is another fast growing region of the country.  So I threw my hat in.

I hadn't realized how well the Dallas commercial real estate market was performing until I took a trip to Detroit and saw just how badly hit other parts of the country were.  Though my commercial real estate foot print is small, it's a start and our economy here in DFW hasn't been hit quite as hard.

So just how am I going to use my new found retail space?  I will probably start a wine bar (which is big in Addison, TX) or some sort of small tapas style restaurant that can handle the space well without coming off as too cramped.  It's a big deal and I don't want to be the guy sitting around in 10 years kicking myself for not getting in when the Dallas real estate market was slow!
 
 
I just got done eating at Roma Uno.  Roma Uno easily has the best chicken wings and pizza in Dallas and has the best prices and coupons available.  My favorite pizza combo is probably sausage, mushroom and black olive, and they have fresh garlic available to put on either a square or round pizza.  The square is more deep dish but the round pizzas are also quite good.  Either way, the owner always hooks it up when it comes to deals.  Check out Roma Uno today for great pizza.
 
 
I went out to my old Alma Mater at Texas Tech University over the weekend.  Lubbock is a hell of a place and I ran into an old buddy of mine.  He was in several marketing classes with me and had the bright idea to start PTI Roofing Company in Lubbock.  With as much wind as Lubbock and west Texas generates, his idea to provide quality roof repair and full service replacement was a no-brainer.  What I consider normal wind conditions have been significantly altered after living in Lubbock.  Here where it comes to roof repair in Dallas, I've never seen anything nearly as bad as the punishing winds that wrecked havoc and literally destroyed buildings and roofs.  No joke, I saw it happen.  So say I suffered from ennui towards wind would be an understatement.  Even when my home in Southlake needed roof repair, it wasn't as crazy, not by a long shot.

I'm happy my buddy is doing well and I would highly recommend thinking outside the box while still thinking logically.  If you see an opportunity in your city, especially playing off weather conditions, run with it.  Why not?
 
 
My place isn't exactly what you would call "classy" and I needed the best interior design help in the worst way.  Luckily, my aunt told me about Baker Interior Design Group in Dallas, TX, a team she had used for years since moving to Dallas in the late 90s.  While Dallas has many wonderful interior design firms, I am glad I went with Baker.  They sat me down and explained, and rightfully so, that my place was a total dump and needed some exquisite flair to it.  All of my wanton needs had to go out the window.  After contacting the design firm, they figured out what I needed to make my place look like an actual human lives in it.  No more Playstation games lying around.  I actually feel like an adult.

The new place looks great and I am very pleased with Baker's ability to make even the biggest derelict like me look classy after some TLC.  I appreciate it!
 
 
I spent yet another weekend looking for some real estate in the Dallas-Fort Worth area and Keller, Texas.  I spent most of Saturday looking at real estate in Prosper, TX and also in the Little Elm, Texas area with a real estate agent who really knew his stuff.  We even looked at some Denton real estate way up north of town off 35.  Shout out to those guys, even though I ultimately didn't choose anything.  Oh well, at least my Cowboys won.  Oh, wait... maybe it's too soon to bring that up after the Arizona game and now this one.  Ugh.


Not even a good home inspector like Paul Bateman could help me out with finding a good spot, it seems I am doomed to stay a renter for another year.  With the real estate market in Dallas at a seeming bottom of the bottom, I thought it would be a good time to get into the real estate game, but I guess I was wrong.  Other notes: the Cowboys game was a bust.  I liked the Ticket's white elephant day last week and I hope this chili I made lasts me through the week.  Also went to Dream Cafe which was great as usual.  And damn, those Packers look unstoppable this time of year, so jealous.
 
 
Need a reliable Fort Worth Roofing Contractor?  This was the spot I found myself in just a few weeks ago when, during a Rangers game of all things, I noticed leaks coming from the ceiling.  Because I lived in the Colleyville - Keller TX area at the time, I knew I need a local roofing company who was reliable and trustworthy.  Luckily, a buddy of mine turned me on to CustomPro roofing, a North Richland Hills-based roofing contractor that came out the same day for a free bid.  I didn't feel scummy or anything like that when talking with the owner, Mike, and I didn't pay out of pocket because their roofing company worked with the insurance company using my homeowner's insurance.  Lesson learned - if you are going with a roofing company, make sure they work with the insurance companies so you don't get stuck with a bill.  They also have a branch in Arlington TX if you live in the mid cities and need roofing help.  Either way, I doubt I will have roofing problems again but I would be happy to call them up if the need ever arose.
 
 
Get a free quote from professional Dallas House Painters.  They recently did some house painting in Arlington, TX at my rental property and it turned out great.  Whether you just need one wall touched up or modernized or an entire living area repainted, they are great and very affordable.  My home office also looks great and while I initially thought I could do it myself, it's much easier leaving it to the pros.  Click to learn more about their painter services anywhere in DFW with same day service available in most cases.  This includes color matching and window treatments.
 
 
CWC, a locally owned Dallas company, offer affordable carpet cleaning in Dallas Ft. Worth (DFW) since 2006.  Starting with a single truck and growing their business steadily and guiding it through the recession, the owners now enjoy a fleet of trucks and employees to serve all your needs.  Get carpet cleaning in Carrollton TX if you live north of Downtown Dallas, carpet cleaning in the Colony for the far Northeast suburban area and carpet cleaning in Keller Texas for the western half of the DFW metroplex.  The company offers weekly Groupon specials that you can't miss if you are in the market for great low prices, same day service and friendly employees.  If you are tired of looking at that dirty old carpet or rug, give them a call today.  This includes upholstery cleaning and pet stain clean up no matter how tough the stain might be.
 
 
Circuit breaker boxes in Dallas, TX are typically simpler to operate and are much more safe than older fuse boxes. The breaker trips when someone over loads the circuit, which means you must turn something off and then flip the switch back on. It is easy to see which circuit tripped because it lights up a reddish orange color in most homes, noticeable even in the dark. In older Dallas homes with a FB, you normally have only three to 5 fuses available.

A circuit breaker box should normally offer more than a few different breakers which reduces the chance of tripping them because you can have different voltage on each breaker.  Thus, increased safety.  

Upgrading to a circuit breaker box will give you the comfort of knowing your home is safe from overheating.  If you believe it's time for a new circuit box, call the professional electricians in Dallas today.  A professional, licensed, friendly electrician will come to your home, look over your old wiring situation and offer an estimate for the conversion from a fuse box to a better system.  Don't let your home turn into a fire hazard.  The Richardson electricians have been offering electrical repair in the Richardson, TX area and across DFW for over two decades.  This includes residential and commercial electricians as no job is too big or small for their team, with over 30 years experience.


Visit www.dkelectricians.com for more info on electrical repair and full electrician services.