Let Thornburg's Demise Be a Lesson to You [View article]
What's most unbelievable about this TMA story is that they NEVER LEARN. Last august they had margin calls, did they ease up on the leverage? NO. Result, in March they got MORE MARGIN CALLS, this last round destroyed the common stock.
Now they get more money and he says they are going to write even more mortgages!!!
KEEP THAT LEVERAGE UP LARRY, you'll bankrupt the company sooner rather than later.
-
What's most unbelievable about this TMA story is that they NEVER LEARN.
Apr 09 16:20 pm
|Rating:
0
0
All Comments by jimmy46 »Let Thornburg's Demise Be a Lesson to You [View article]
Last august they had margin calls, did they ease up on the leverage?
NO.
Result, in March they got MORE MARGIN CALLS,
this last round destroyed the common stock.
Now they get more money and he says they are
going to write even more mortgages!!!
KEEP THAT LEVERAGE UP LARRY,
you'll bankrupt the company sooner rather than later.