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Thursday, April 19, 2007

Non Sublime Subprime: Big Job Cuts

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GE's WMC Mortgage to lay off half of staff
Mortgage co. ResCap to cut 1000 jobs
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This communication is being provided for informational purposes only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security referenced herein. It is being provided to you on the condition that it will not form the primary basis for any investment decision. The Kingsland Report and its authors may have positions (long or short) referenced herein. The Kingsland Report's primary authors are not registered investment advisors, brokers or dealers. The information contained herein is of the date referenced and The Kingsland Report and its authors does not undertake an obligation to update such information. The Kingsland Report has obtained all market prices, data and other information from sources believed to be reliable although its accuracy or completeness cannot be guaranteed. Such information is subject to change without notice. The securities mentioned herein may not be suitable for all investors.

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