Thornburg Silent As Deadline Passes

“Since the other deal was terminated, and now we've got this other deal and they need extra time, it doesn't make me feel particularly optimistic that they're getting the deal done”

Perhaps loan specialist Thornburg Mortgage hopes that by ignoring the problem it will simply go away. via Forbes.com

[markd]

is there an exact time for the deadline??

[ms j]

asap

[ms j]

i have a deadline myself

[DSK]

TMA principals want the stockholders to bail them out from their foolish leverage deals. My avg. cost basis is over $22 per shr---currently about 60 cents and the deal they did means stock can ultimately go to 1 cent. At this point do I care about losing the 60 cents just tio see those folks continue with their outlandish salaries and bonuses? I don't think so. Let em go down the drain!
DSK

[Mr M]

Thornburg Mortgage is one of the most poorly ran companies I have ever been a part of. From the top to bottom, it is full of incompetent people who do not know their heads from their rears. I saw massive amounts of internal waste throughout various departments. The bad thing is they knew it and did nothing about it. I worked their as a contractor trying in vain to get them to change their internal policies. They'd tell you yes, this is a great idea, this would save money and time, only to blow it off because "change" is scary.
I feel for anyone investing in this hunk of crap for a company. Who (in the year 2008) in their right minds manages using Matrix Management methodolgies? Only an idiot would deploy such a strategy that killed and devestated companies like Boeing, AT&T, etc.