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 NEW final nail in the coffin - PDF View next topic
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bakersfieldbubble
Dyn-o-mite!


Joined: 25 Jan 2007
Posts: 488

NEW final nail in the coffin - PDF
PostPosted: Thu Mar 15, 2007 12:03 am Reply with quoteBack to top

https://lounge.newcentury.com/cms/pdfs/nc.com/broker_letter.pdf
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Aaron
A-Bomb


Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA

Re: NEW final nail in the coffin - PDF
PostPosted: Thu Mar 15, 2007 12:40 am Reply with quoteBack to top

I got it too.

I mean, they could still get bought out. But with the regulators shutting them down and all the other criminal/civil proceedings, I don't see what the point would be of doing anything but salvaging some of the staff and platform.
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: NEW final nail in the coffin - PDF
PostPosted: Thu Mar 15, 2007 1:05 am Reply with quoteBack to top

Today Barclays demanded that New Century take back $900M in defulting loans ... I don't see how they can do anything except declare bankruptcy tomarrow.

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"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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Aaron
A-Bomb


Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA

Re: NEW final nail in the coffin - PDF
PostPosted: Thu Mar 15, 2007 1:15 am Reply with quoteBack to top

That is pretty grim indeed.
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