Quote:
Originally Posted by Howitzer
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.
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The point is that if a company like AHM can to out so fast........and so easily...........you ought to reserve judgment as to how big this thing is going to get.........
I don't really care how AHM went out........if it can go that fast........others can follow for the same reasons.