InterDigital Inc (IDCC)

[my3sons87]

Last and Spencer, Qualcomm is my case in point. They have absolutely no realtion ship to the subprime market and neither does IDCC.

So, a bunch of hedge fund-risk taker type Mortgage Bankers are getting burned. Well when you finance a mortgage to anybody you can find on the street or in a homeless shelter that is willing to sign on the dotted line, defualt is what you get.

Some of these mortgage packagers were pulling all kinds of crap on the unsuspecting home wanting consumers. The one I like best is the 50 year adjustable mortgage. Step right up, no money down, just pay the interest, not a problem. Here are the keys to your financial demise. In the meantime, everyone at the closing runs off to the bank while the sucker is stuck with a pair of keys to a home on a very temporary loan to him/her.

Well this time some of the subprime lenders out foxed themselves. But they still have their cell phones, cause they got to communicate.