2007-08-11housingwire.com

"Lone Star — slated to purchase Accredited for $400 million — filed a statement with the SEC late Friday disclosing that it no longer intends to complete a purchase of the troubled subprime lender." -- Perhaps Fannie Mae will be interested? Or how about the Fed conduct its first-ever private company buyout-bailout, to go along with its first-ever MBS funding bailout? Let's grease that slippery-slope!



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