Politics

Out of context: Reply #6331

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• TheBlueOne0

  We're really all subprime now. Bloomberg reporting:

  "Thornburg Mortgage Inc., the “jumbo” residential loan specialist battling a slump in home sales and the collapse of mortgage markets, plans to file for bankruptcy protection and shut down.
  ...
  Thornburg specialized in mortgages of more than $417,000, typically used to buy more expensive homes."

  Meanwhile, more record unemployment figures coming this week:

  "Nonfarm private employment decreased 742,000 from February to March 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®."

  TheBlueOne 0Permalink

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  • FUCK! Thornburg used to be a solid outfit. Nonfarm hit is ugly".
    ********

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