Quote:
Originally Posted by Brian Carlton
I have a sense that your data is flawed and the source is biased.
If a company like AHM can be taken out within eight weeks due to subprime mortgages, all the BS that you throw up to show that the problem is "miniscule" is exactly that............bull$hit.
The problem is larger than either of you realize.
|
AHM went down because of margin calls NOT loan performance they went bankrupt because they could not fund NEW loans because of MARGIN calls due a DECLINING RE portfolio. Impac made its margin calls Countrywide made its calls and does more ALT-A than all of the above.
Why don't you try reading some of the stuff yourself? Not that it will matter but give it a whirl or (and I know you won't) provide any information to support your position.