Is Any Company Safe from Subprime Related Lawsuits?
June 30, 2008 – 8:32 am...He cites as examples appraisers, "fee hungry" mortgage brokers, and real estate agents who participated in putting home buyers into subprime mortgages they could not afford.
There may also be, as Lenckus puts it, an unknown number of "widget manufacturers" which bought various mortgage- backed financial instruments as investments that must now be devalued. This will impact the company's bottom line and provide an impetus for shareholder suits.
Even companies that did not invest in subprime instruments may be vulnerable...
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