Shorts Are Evil

Genworth Financial Enters Run Off Mode - Others to Follow?

LMAO! The statement "Synopsis: Rejected - OTS's rejection of GNW's application under TARP is a major blow" is totally false.

The deadline was January 15th and the OTS missed it, not GNW. The OTS is the one that asked the Treasury for an extension since they are the ones that screwed up at that time (see below).

"William Ruberry, a spokesman for the Office of Thrift Supervision, told American Banker that the agency is still reviewing Genworth's application, and that a request was made to Treasury to extend the Jan. 15 deadline."

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