It seems like the end of the road for the very wild Thornburgs. In fact, Thornburg Survival of the Banking Giant is at Stake After a Big Margin Call by a certain financial institution. We may well see the end of this high end lender to buyers of luxury homes.
Thornburgs failure to meet a margin call from JPMorgan Chase may trigger a default and cause the company to file for bankruptcy protection. It is now that we see our economy causing the collapse of lending institutions. The decline in the DOW is in part causinga fanancial panic as people try to cash out.
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