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Non-Tech : Signature Group Holdings
ELLH 15.000.0%Oct 28 3:26 PM EST
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To: SI Bob who wrote (34)5/23/2007 9:28:55 AM
From: Carey Thompson  Read Replies (1) of 78
 
>>What's left for this company to do for a living?<<

Remember that FMT has a BANK. The bank was the source for the funding of the subprime and commercial loan portfolios.

Please take a look at the quarterly statements and annual reports where FMT business is explained.

The crisis has passed. FMT is like the cat with nine lives.

But do not forget the 2006 annual report will show losses because the subprime portfolio will need to be marked to market. We are all waiting for the 2006 annual report to be published. Its already 2 months late.

And the 2007 annual report will show colossal losses because of the layoffs, losses taken in the disposal of the subprime portfolio, office closures,litigation expenses, and a lot of other stuff. That's only a partial lists of the losses, surely other losses will surface throughout the remainder of 2007.
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