New Century Financial Corp (newcq) has set the stage for all lenders. Their stock has gone from an astonishing $43 to a Meir .08. with trouble still at its door step one can only doubt their return back into the norm. why have the lenders put themselves in a situation that some of which can't come out of. nearly 12 sub prime lenders have been put out of business. arn't these lenders suppose to have educated people that know what too much risk is, and when to take a risk. I don't get how so many companies made so many mistakes. you'd think that only a few would make mistakes so costly that they would extinct themselves from the business.
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