Reliant Financial Service Corp. (RFNS)

[2-edged-sword]

Time will indeed tell...and we are going to need lots of it to make it out of this fiasco. The Canadian Mortgage Trends website indicated that the US subprime default rate has not even come close to peaking yet with peak expected around Feb/March 08. It will likely be another year or more before things start to settle down.
My concern is how is Reliant going to survive if they continue accumulate debt without any Revenue. Those are perfect ingredients for eventual backruptcy.
I wish I could be more positve. I am only going by what I am reading from the latest Mortgage news.
I looked hard to find some postive articles on the Sub-prime industry...but could not find any. If anyone has better luck then please post.