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Thursday, March 27, 2008

Drinking the Sub-Prime Kool Aid

posted by 
Steve Levy (320)

Not too long ago, there was a company on Lawn Guyland named American Home Mortgage; AHM was one of those sub-prime lenders who collapsed, thousands were unceremoniously let go, and the company filed for Ch. 11 protection.

I just checked out to see how they were branding themselves in the aftermath and on my buddy Paul Forster's site, Indeed.com, there it was;  listing for AHM Servicing stating...

Competitive pay! Great benefits! Fun atmosphere! Employee recognition programs! We are looking for talented mortgage professionals for our Irving Servicing Center

The AHM building stands vacant on Rt. 110 in Melville; the 6500 people who were nuked are probably wondering what happened to the fun atmosphere ("Hey, it's pink slip day! Let's dance!!)

Talk about perfuming a pig. 



posted 3/27/2008 at 7:22 a.m. PT permalink | comments (0) | trackbacks (0) | email this posting
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