I think Newc is going completely OOB. The company is selling off its assets and no one is gonna be picking up the kinda of debt its engulfed in. It will be just one of a dozen that's bit the dust. These type of mortgage loans are now a thing of the past. People will have to qualify like they have in the past. This is gonna be a long drawn out process. It will be a shell when the pickings are over.
For a Bailout, Press 'One', If you're a bank press 1, If a brokerage firm, press or say 2