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Biotech / Medical : Biotech Valuation

CRSP 54.46

+5.6%

1:50 PM EST

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To: Robohogs who wrote (23737)	5/22/2007 11:17:47 AM
From: tom pope	Read Replies (1) of 52153

The sub primes and the alt-a's are benefitting from this: Fremont sells commercial lending arm By Daniel Pimlott in New York Tuesday May 22 2007 10:40 Fremont General (NYSE:FMT) shares soared 44 per cent on Tuesday after it agreed to sell its commercial real estate lending business for $1.9bn, as the subprime lender seeks to plug a hole in its finances caused by the meltdown in the market for risky loans to home buyers. It is also replacing its chief executive. Fremont's stock had fallen more than 60 per cent in the first three months of this year amid the crisis in subprime lending and after it was ordered by the Federal Deposit Insurance Corporation to stop making risky mortgage loans.

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