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More on the AHM Meltdown

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: More on the AHM Meltdown

Unread postby mmasters » Tue 31 Jul 2007, 22:58:00

I agree, that's one pretty pussy...
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Re: More on the AHM Meltdown

Unread postby Armageddon » Tue 31 Jul 2007, 23:21:57

$this->bbcode_second_pass_quote('mmasters', 'I') agree, that's one pretty pussy...


Thank you, she ain't bad
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Re: More on the AHM Meltdown

Unread postby Roccland » Thu 02 Aug 2007, 17:17:28

That's a wrap...cut the lights...bring down the set...

$this->bbcode_second_pass_quote('', 'A')merican Home Mortgage Investment Corp. will be closing its doors Friday, after several attempts to sell of all or some of its divisions to rival lenders went up in smoke this week, numerous employees said.

Employees said they were contacted by senior management through the course of the day and told that none of their strategic options for remaining open had panned out.


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500 MPH into a brick wall - me
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Re: More on the AHM Meltdown

Unread postby BigTex » Thu 02 Aug 2007, 17:35:27

$this->bbcode_second_pass_quote('', 'E')mployees said they were contacted by senior management through the course of the day and told that none of their strategic options for remaining open had panned out.


They just ran out of strategic options for remaining open? What BS.

That's like a coach describing why he lost the big game: "we would have won, we just ran out of strategic options."

It makes it sound like there were no breakdowns or errors involving the company's leadership or their decision making. It was just that the "strategic options" cupboard was suddenly bare.
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Re: More on the AHM Meltdown

Unread postby fluffy » Fri 03 Aug 2007, 06:51:50

$this->bbcode_second_pass_quote('BigTex', '
')It makes it sound like there were no breakdowns or errors involving the company's leadership or their decision making. It was just that the "strategic options" cupboard was suddenly bare.


I'm sure that the company's leadership put in all of their own personal wealth - for example all of the stock options and bonuses they got for making the bad loans in the first place - to try and keep the company running. Otherwise it would be a case of these wonderful 'risk-taking' capitalists running off with all of the cash whilst joe average employee got it in the shorts - and they wouldn't allow that to happen, would they?
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