Today Accredited Home Lenders was able to barrow 200 million cash from Farallon Capital Managament to help it to continuing operations in a distressed market conditions.
My questions are: Why is this paticular firm recieving a credit line while other companies are going out of bussiness? And will this type of "help" in anyways change what looks like a complete meltdown the the subprime mortgage market.
http://www.canadianbusiness.com/innovation/article.jsp?content=D8O00I580
http://www.msnbc.msn.com/id/17707866/from/ET/
2007-03-20 09:38:01 · 1 answers · asked by richard d 2 in Business & Finance ➔ Renting & Real Estate
Basically, there types of loans that Accredited has on the books have less risk than the others, and they have been able to resell some of their bad debt.
2007-03-24 04:30:16 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋