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To: Jorj X Mckie who wrote (192025)9/14/2002 6:54:16 PM
From: orkrious  Respond to of 436258
 
there is all kinds of good stuff in Noland's latest:

prudentbear.com

“‘The Conseco situation has the potential to set a new benchmark in the handling of servicing risk,’...However, if the parent files for bankruptcy, it may prove difficult to shield assets of Conseco Life and Conseco Finance from creditors...

and my favorite:

Last evening Moody’s placed the ratings of aggressive subprime auto lender AmeriCredit on review for possible downgrade. “AmeriCredit's effective leverage is high and is likely to remain high absent a reduction in the firm’s growth rate and/or AmeriCredit raising common equity in the capital markets… Second, AmeriCredit is experiencing deterioration in its portfolio performance. Moody’s will consider the implications of this trend with regard to the company's near-term profitability and financial flexibility.”