Thornburg's a Huge Bargain After Monday's Crash [View article]
P.S. If TMA does go bankrupt soon from all this, it would be interesting to analyze whether all those mark-to-market-value collateral and margin calls, and mutual default triggers, which were intended to PROTECT the lenders, actually has had the opposite effect of losing them a bunch of money. They might get less from foreclosing on the collateral than if they'd never pestered Thornburg in the first place. That would be ironic. Anybody know whether this is so?
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P.S. If TMA does go bankrupt soon from all this, it would be interesting to analyze whether all those mark-to-market-value collateral and margin calls, and mutual default triggers, which were intended to PROTECT the lenders, actually has had the opposite effect of losing them a bunch of money. They might get less from foreclosing on the collateral than if they'd never pestered Thornburg in the first place. That would be ironic. Anybody know whether this is so?
Mar 31 01:08 am
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