Comments on: New Century Financial Now Has A Market Cap of $92 Million and Owes $8 Billion. Now That is Leverage Baby! http://www.doctorhousingbubble.com/new-century-financial-now-has-a-market-cap-of-92-million-and-owes-8-billion-now-that-is-leverage-baby/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dr Housing Bubble http://www.doctorhousingbubble.com/new-century-financial-now-has-a-market-cap-of-92-million-and-owes-8-billion-now-that-is-leverage-baby/#comment-355 Dr Housing Bubble Wed, 14 Mar 2007 22:54:00 +0000 http://www.doctorhousingbubble.com/?p=58#comment-355 IrvineRenter:<br/><br/>LEND and NovaStar are next. It is only a matter of time before this starts spreading to larger players such as WaMu and Wells Fargo.<br/><br/>In addition, there are many smaller subprime outlets that are eating dirt each day.<br/><br/>Dr. Housing Bubble IrvineRenter:

LEND and NovaStar are next. It is only a matter of time before this starts spreading to larger players such as WaMu and Wells Fargo.

In addition, there are many smaller subprime outlets that are eating dirt each day.

Dr. Housing Bubble

]]> By: IrvineRenter http://www.doctorhousingbubble.com/new-century-financial-now-has-a-market-cap-of-92-million-and-owes-8-billion-now-that-is-leverage-baby/#comment-354 IrvineRenter Tue, 13 Mar 2007 18:43:00 +0000 http://www.doctorhousingbubble.com/?p=58#comment-354 Did you see LEND today? Down 65% as I write this. Ouch! Did you see LEND today? Down 65% as I write this. Ouch!

]]> By: Dr Housing Bubble http://www.doctorhousingbubble.com/new-century-financial-now-has-a-market-cap-of-92-million-and-owes-8-billion-now-that-is-leverage-baby/#comment-353 Dr Housing Bubble Tue, 13 Mar 2007 17:19:00 +0000 http://www.doctorhousingbubble.com/?p=58#comment-353 Trading on NEW is halted by the NYSE. Now LEND is under the radar. <br/><br/>Even early last week when folks thought NEW would be saved from bankruptcy it would be clear that fraud and creative accounting would begin to drip out once the financial were cleared up.<br/><br/>Obviously this is a much bigger deal. But even on a quick back of the napkin note, your company is worth $92 million and you have debts up to $8.4 billion. You don't need a Harvard MBA to compute this out. Trading on NEW is halted by the NYSE. Now LEND is under the radar.

Even early last week when folks thought NEW would be saved from bankruptcy it would be clear that fraud and creative accounting would begin to drip out once the financial were cleared up.

Obviously this is a much bigger deal. But even on a quick back of the napkin note, your company is worth $92 million and you have debts up to $8.4 billion. You don’t need a Harvard MBA to compute this out.

]]> By: IrvineRenter http://www.doctorhousingbubble.com/new-century-financial-now-has-a-market-cap-of-92-million-and-owes-8-billion-now-that-is-leverage-baby/#comment-352 IrvineRenter Tue, 13 Mar 2007 16:41:00 +0000 http://www.doctorhousingbubble.com/?p=58#comment-352 Chuck Ponzi just put up this post:<br/><br/>http://tinyurl.com/yvuh27<br/><br/>It looks as if NEW's problems might also be criminal. Chuck Ponzi just put up this post:

http://tinyurl.com/yvuh27

It looks as if NEW’s problems might also be criminal.

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