Relevant:
- Subprime lender Accredited Home bought by Lone Star
- Lone Star Has New Accredited Deal, Worth $296 Million
- Accredited Sues Lone Star Seeking Closure Of $400 Mln Takeover; Still Recommends Deal To Stockholders
- Skid in Accredited shares makes investors skittish over sale plans
- Lone Star Looks to Revise Accredited Bid; Accredited Issues Rejection, Says Will Continue Lawsuit
2007-08-11 — housingwire.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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