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Distressed investor in distress: Sources say MatlinPatterson Global Advisers, which bills itself...

Apr. 08, 2009 5:20 PM ETThornburg Mortgage Inc. (THMR) StockTHMRBy: Eli Hoffmann, SA News Editor
Distressed investor in distress: Sources say MatlinPatterson Global Advisers, which bills itself as A Global Distressed Private Equity Firm, stands to lose $475M as a result of Thornburg Mortgage's (OTC:THMR) bankruptcy filing. Proving it's not always good to be early to the game; soon MatlinPatterson could be betting with your money.

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