chagrinned1

Thornburg Mortgage Must Sell Its Soul to Stay Afloat

We are going to end up with about a dozen major Banks in USA as they reneg on loans made for home equity and corp
securities. Many lenders either will go under or never recover from the lack of funding. Margin calls under the current circumstances should be on hold, except for egregious and flagrant borrowers. Thornburg is not one of the latter. Banks always win and dead bodies in the way will be brushed aside.