Leverage Blackens a Blue Chip
Apr 5th, 2007 | By Dan Amoss | Category: Emerging Markets
New Century Financial Corp. has gained notoriety as the biggest blowup in the unfolding subprime mortgage debacle.
With hubris reminiscent of Enron, New Century came up with the corporate motto, "A New Shade of Blue Chip." But this business wasn't your parents' or grandparents' idea of "blue chip." Blue chip normally ...read more
