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jamcneel

03/26/08 7:36 PM

#45157 RE: bonehead #45156

they funded the loans with the p.shares. Now from what I understand there are a lot of fees associated with the closings, lawyers and so forth. They are not cheap.
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valorie

03/26/08 7:39 PM

#45160 RE: bonehead #45156

Posted by: CREEP
In reply to: valorie who wrote msg# 201 Date:3/26/2008 7:08:31 PM
Post #of 202

This is why they created the $1 Billion in Preferred shares