Brookstreet Securities going under?
Due to their exposure to this CMO mess. How in the world could that happen? They must have some big clients who were leveraging up their holdings.
There is an article easily found on investmentnews dot com. I don't think we're supposed to post a link to them under TOS.
With the AGE / Wachovia deal, and now Brookstone, I bet the headhunters are shopping for Porsches!