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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: tntpal who wrote (35424)6/4/2008 6:59:26 PM
From: TobagoJack  Read Replies (2) | Respond to of 217711
 
i hope all the homes crashed belonged to folks who actually turn out to be guilty, else someone made a booboo

in the meantime, this just in in-tray


Player #2 Wrote: what's the appropriate phrase? stick a fork in it. time to worry about who ResCaps derivatives counterparties are.

Player #1 Wrote:
And in regards to GMAC:
"Residential Capital LLC, the mortgage lending unit of GMAC LLC, said Tuesday it needs more than three times more cash to stay in business than it estimated just weeks ago."

"ResCap estimates it now needs about $2 billion in cash by the end of June to meet liquidity demands, according to a regulatory filing with the Securities and Exchange Commission. It previously estimated it needed just $600 million by the end of the month."