Job cuts from subprime: 18,000 and counting

http://money.cnn.com/2007/08/22/news/economy/subprime_layoffs/index.htm?postversion=2007082310 ^ | 8-23-07 | David Ellis,

[xcamel]

but...but...but... it was "forty thousand and climbing" yesterday!!!

[Hydroshock]

That was the total financial sector, this is just subprime.

[Catholic Canadian]

While this is a problem of concern, the media is overblowing it, as usual.

[xcamel]

never make excuses for the press — there is no excuse.

[expat_panama]

...Accredited Home Lenders (up $0.14 to $6.24, Charts) said it would slash more than half the jobs in its mortgage unit...

In related news, AHL announces the creation of more than 40,000 new jobs with its opening of a new lending center in India...

[PGalt]

Thanks for posting. Interesting.

[Toddsterpatriot]

I’m just glad that these fine Americans on FR have taken over the job once held by Willie Green.

[PayNoAttentionManBehindCurtain]

Another day at the doom and gloom.

Are you really that afraid of living?

BigMack

[Signalman]

Good. The more people that leave this crooked business and get into a more honest line of work, the better off the economy will be.

[TheDon]

The Invisible Hand at work.

[inkling]

I’m just glad that these fine Americans on FR have taken over the job once held by Willie Green.

ROTFLOL! Quote of the day!

[zencat]

Whatever happened to ol’ Willie Green? He still around?

[Toddsterpatriot]

He was outsourced.

[inkling]

The high risk lenders have made a lot of money, and now they are losing a lot of money.

I think that's why they call it "high risk."

[PAR35]

They must be recalling a bunch of employees. An earlier story was posted when the number was up to 40,000.

Mortgage industry job cuts surpass 40,000
http://www.freerepublic.com/focus/f-news/1885363/posts

[Vince Ferrer]

but...but...but... it was "forty thousand and climbing" yesterday!!!

The 40k number was for jobs lost this year. This number is jobs lost this month.

[xcamel]

look at #16, then look at yesterdays posts, and try that one again...

[L98Fiero]

“I’m just glad that these fine Americans on FR have taken over the job once held by Willie Green.”

The dreaded Hydra. Cut of one head, two more spring forth.

[Vince Ferrer]

look at #16, then look at yesterdays posts, and try that one again...

Ok, done. Here's what I've found:

Since the start of the year, more than 40,000 workers have lost their jobs at mortgage lending institutions, according to recent company layoff announcements and data complied by global outplacement firm Challenger, Gray & Christmas Inc.

Source

And above:

In another sign of how dire the subprime mess has become, mortgage lenders shed about 18,000 jobs this month, according to one estimate.

Please look at #17, and try again.