Tuesday, July 31, 2007

Ode to AHM

So Farewell
then
American Home
Mortgage.

Lenders to
those who
perhaps should
not have
Borrowed.

And borrowers
from those
who will
wish they
had not
lent.

Now,
With Margin
Calls Unpaid,
You could
have used no top-up, fixed-rate, I.O balloon financing
yourself.
at

4 comments:

  1. Anonymous2:04 pm, July 31, 2007

    Some appropriate Marketneyisms..


    I say high, you say low
    You say why, and I say I don't know
    Oh, no
    You say goodbye and I say hello
    Hello, hello
    I don't know why you say goodbye
    I say hello
    Hello, hello
    I don't know why you say goodbye
    I say hello

    NCT looks most vulnerable

    ReplyDelete
  2. Anonymous2:43 pm, July 31, 2007

    You want to add CR to your blogroll.

    http://calculatedrisk.blogspot.com/

    ReplyDelete
  3. Anonymous5:15 pm, July 31, 2007

    The Newcastle boys were spawned from the Bear Mortgage Machine, were they not?

    ReplyDelete
  4. Anonymous7:42 pm, July 31, 2007

    I believe Newcastle is of FIG progeny.

    ReplyDelete