NEW YORK (Reuters) –
“Goldman Sachs forecasts global credit losses stemming from the current market turmoil will reach $1.2 trillion, with Wall Street accounting for nearly 40 percent of the losses.
Of the cumulative losses expected by these leveraged players, bad residential home loans will represent about half…”
No thanks to The First American Corporation for allegedly triggering this financial meltdown according to a number of lawsuits filed.
The suits charge a First American subsidiary with fraud. They accuse The First American Corporation and its subsidiary of irresponsibly delivering inflated appraisals for business reasons of its own!!!
Incidentally, what is First American’s market cap?
Are chances in favor of it being wiped out when and if confirmed guilty?
What a Good Riddance!
No thanks to The First American Corporation for allegedly triggering this financial meltdown according to a number of lawsuits filed.
The suits charge a First American subsidiary with fraud. They accuse The First American Corporation and its subsidiary of irresponsibly delivering inflated appraisals for business reasons of its own!!!
Incidentally, what is First American’s market cap?
Are chances in favor of it being wiped out when and if confirmed guilty?
What a Good Riddance!
1 comment:
Louis!
How are you my brother? Give me a call.
Roland Middleton
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