trlblzr's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/130303/comments http://seekingalpha.com/article/92811-first-marblehead-losing-its-marbles?source=feed#comment-241459 241459 BAC), FMD’s second-largest customer, cut off its business with the company. In 2007, BAC accounted for 15% of FMD’s total revenue of $881 million. Obviously, this has contributed to a large degree for the wide loss."

Also, that last sentence is absolutely wrong. FMD's large losses are due to writedowns and not packaging loans for the past several quarters. Losing clients like BAC may or may not impact business in the future (i.e., who knows if BAC comes back once we unfreeze a bit). As long as FMD doesn't securitize, it really is irrelevant who their customers are -- they're not selling the goods anyway. So no, losing BAC did not contribute to FMD's large losses.



]]> Fri, 29 Aug 2008 08:28:39 -0400 BAC), FMD’s second-largest customer, cut off its business with the company. In 2007, BAC accounted for 15% of FMD’s total revenue of $881 million. Obviously, this has contributed to a large degree for the wide loss."

Also, that last sentence is absolutely wrong. FMD's large losses are due to writedowns and not packaging loans for the past several quarters. Losing clients like BAC may or may not impact business in the future (i.e., who knows if BAC comes back once we unfreeze a bit). As long as FMD doesn't securitize, it really is irrelevant who their customers are -- they're not selling the goods anyway. So no, losing BAC did not contribute to FMD's large losses.



]]> http://seekingalpha.com/article/92811-first-marblehead-losing-its-marbles?source=feed#comment-240946 240946 Thu, 28 Aug 2008 12:29:19 -0400 http://seekingalpha.com/article/56622-first-marblehead-s-demise-effectively-closes-the-bear-case?source=feed#comment-105924 105924 Tue, 18 Dec 2007 13:01:16 -0500 http://seekingalpha.com/article/56622-first-marblehead-s-demise-effectively-closes-the-bear-case?source=feed#comment-105350 105350
www.seekingalpha.com/a...

*yawn*
]]> Fri, 14 Dec 2007 12:39:59 -0500
www.seekingalpha.com/a...

*yawn*
]]>