This is already old news (Calculated Risk, ty) – but New Century has halted trading on the NYSE and looks very likely to be filing for bankruptcy protection from over $8.4 billion in loan obligations from its primary financiers.
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
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