Securities and Exchange Commission

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Thornburg Gets “Going Concern” Opinion from Auditors, Faces More Margin Calls 

Mar 07, 2008By

Thornburg Mortgage warned in a filing Friday with the Securities and Exchange Commission that it had been issued a “going concern” opinion by its auditors, and that it would restate its earnings for 2007 amid an unhinging of the secondary market for mortgages. So-called “going concern” opinions are usually reserved for companies facing imminent insolvency.

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