Thursday, April 03, 2008

[Grumpasaurus.com] A good way to get your hate on

'A good way to get your hate on'

Wow. Real hard times for some former subprime lending institution execs.

Mysti was one of the last people out the door at New Century Financial, once the nation’s No. 2 subprime lender. She had been in charge of e-commerce customer service with dozens of employees reporting to her. It was at New Century where the Copes met in 2000.

Kent worked for several of the firms that helped give birth to the industry, which specializes in making loans to people with less-than-perfect credit, in the 1990s. He has been out of work since August when he was laid off by Friedman, Billings, Ramsey Group (FBR) unit First NLC Financial Services.

Yeah, tough times. I feel for you guy-
Despite their financial problems, the Copes have worked hard to protect their credit rating, staying current on bills. And they’ve made cutbacks: trading in Kent’s Corvette for a Suburban and getting rid of the gardener, for example. But the couple also has learned that it didn’t need everything it used to spend money on.

Nevermind.


http://grumpasaurus.com/2008/04/03/a-good-way-to-get-your-hate-on/

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