Tuesday, August 23, 2016
Friendly Bear, are you telling me that a subprime lender may actually face defaults?
"Given the description of the Recovery Services Group, it seems more than reasonable to assume that these loans were sold because they were in some form of DEFAULT. So now we propose an alternative theory to explain these strange balance sheet maneuvers…
Our hypothesis: Home Capital Group does not want anyone to know that a company owned by one its purportedly independent board members is taking defaulted loans off their books."
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