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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (75146)	12/9/2006 5:42:47 PM
From: russwinter	Respond to of 110194

<800 employee network. Is that of no value? Same holds for Sebring?> It's a subprime network, which the enablers are getting rid of. These employees are getting to be a dime, a dozen. If someone really wanted to expand, which I can't fathom now, other than cherry picking the big producer. And they could be rehired for squat. Think the business model is to exploit these markets to the max and the bitter end, and then completely pull the plug fast.

To: Ramsey Su who wrote (75146)	12/9/2006 6:11:06 PM
From: orkrious	Read Replies (1) \| Respond to of 110194

If the industry cleans itself up in this manner, then the strategy would have to be short the losers and long the survivors, no? Doesn't everyone one of these companies have to buy back a percentage of the bad loans they originated? If so there won't be any survivors.