There was more bad news last week for Thornburg Mortgage. According to Reuters, a federal court has taken control of the company by appointing an independent trustee to oversee the bankruptcy proceedings. This is a very big deal but the news got only a brief in the New Mexican — followed today by another Bob Quick puff piece about Thornburgh’s other venture, Thornburg Investment Management. The newspaper might just as well have reprinted the company’s press release.
George Johnson
The Santa Fe Review
