[bruinbirdman]

"JPMorgan, which has loaned Thornburg $320 million, said that it planned to force the mortgage group to liquidate some of its assets."

JPM will be happy to buy Thornburg's $3.2 billion of forced liquidated assets for, say, $320 million. Heck it might just offer to buy the whole company.

yitbos

[WoofDog123]

there are certainly cases of clearing firms screwing forced liquidations of cmo’s and other derivatives ( bear comes to mind)...be interesting to see what hits up for fire-sale in the coming days.