crash2006 Posted August 14, 2007 Share Posted August 14, 2007 (edited) http://www.bloomberg.com/apps/news?pid=206...&refer=home Aug. 14 (Bloomberg) -- U.S. stocks declined after Wal-Mart Stores Inc. lowered its earnings forecast and another fund manager took steps to halt withdrawals amid a credit crunch Edited August 14, 2007 by crash2006 Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted August 14, 2007 Share Posted August 14, 2007 http://www.bloomberg.com/apps/news?pid=206...&refer=home From the same article: "Thornburg Mortgage Inc. fell $4.62, or 33 percent, to $9.66. Five brokerages cut their ratings on the mortgage lender, citing concern the company may need to sell assets or reduce its dividend because of a liquidity squeeze. " Quote Link to comment Share on other sites More sharing options...
crash2006 Posted August 14, 2007 Author Share Posted August 14, 2007 100K buys nice massive home in kensington. Quote Link to comment Share on other sites More sharing options...
Dames Posted August 14, 2007 Share Posted August 14, 2007 From the same article: "Thornburg Mortgage Inc. fell $4.62, or 33 percent, to $9.66. Five brokerages cut their ratings on the mortgage lender, citing concern the company may need to sell assets or reduce its dividend because of a liquidity squeeze. " It got better: plunging 47 percent Thornburg Mortgage Inc. shares were halted from trading after plunging 47 percent following downgrades by five brokerages Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted August 18, 2007 Share Posted August 18, 2007 Sentinel files for Chapter 11 bankruptcy http://today.reuters.com/news/articleinves...CY-UPDATE-2.XML Quote Link to comment Share on other sites More sharing options...
pootle Posted August 18, 2007 Share Posted August 18, 2007 More turmoil on Monday then? Quote Link to comment Share on other sites More sharing options...
domo Posted August 18, 2007 Share Posted August 18, 2007 Sentinel files for Chapter 11 bankruptcyhttp://today.reuters.com/news/articleinves...CY-UPDATE-2.XML runs on countrywide bank, "money" fund files for bankruptcy. Soon there will be very few safe places to have your wealth. Quote Link to comment Share on other sites More sharing options...
mrphil Posted August 18, 2007 Share Posted August 18, 2007 Oh dear, the floodgates really have opened. History will look back at this period as a swift and brutal end to a ten year credit party. Quote Link to comment Share on other sites More sharing options...
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