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  • Thornburg Mortgage Must Sell Its Soul to Stay Afloat [View article]
    It's a huge price to pay, but the alternative, a chapter 11 filing, is probably worse for the common shareholders.

    Recent events have really highlighted the flaw in the common REIT model of borrowing short and lending long. REIT's may have to adapt to a less leveraged business practice. It might even be wise for congress to do away with the favorable tax treatment of the current model to incentivize better business practices.
    Mar 20 10:50 am |Rating: 0 0
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