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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Giordano Bruno who wrote (342761)9/5/2007 10:13:32 AM
From: stan_hughes  Read Replies (1) of 436258
 
And it was Citi that just took over ACC Capital from Ameriquest, which was a big chunk of their sub-prime origination feeder system -- some cynics out there believe that, as ACC's primary warehouse lender and derivative writer, Citi was going to have a lot of bad paper put back to them in the end anyway, so why not get out in front of the problem and bring it in-house where the situation could be better controlled (hidden)
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