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Lending principle proves costly to US company.

Lending principle proves costly to US company.

Lending principle proves costly to US company.

(OP)

Quote (MATT MOORE AP writer):

...New Century Financial, a U.S. mortgage lender whose principle borrowers were Americans with less-than-stellar credit, filed for bankruptcy protection.
http://news.yahoo.com/s/ap/20070812/ap_on_bi_ge/global_contagion

Must be a moral here somewhere.
Lending principle loses principal?
Principle:  Principals lending principle can lose their shirt?
Spellcheck no help when correctly spelling an incorrect word?

Perhaps, New Century should have lent principle to the sorely lacking politicians [no-collateral loans!!]. Repayment chances???
"Every way you look at this you lose" -- Paul Simon ('Mrs. Robinson').

Bottom line: A principle should be shared & circulated to do the most good, not lent.

RE: Lending principle proves costly to US company.

To my way of thinking, few reporters have any principles.

rmw

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