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Greenwich YMCA's Default After Olympic Pool Leads JPMorgan to Deep Water

By Implode-Explode Heavy Industries

"The Y?s predicament shows that even in Greenwich, charity has its limits. The town is home to about 100 hedge funds and industry leaders including Paul Tudor Jones, founder of Tudor Investment Corp., and Steven A. Cohen, the billionaire who runs SAC Capital Advisors LP. Its more than 60,000 residents had a median family income of $117,857 in 2007, more than double the $52,673 U.S. midpoint, according to Census Bureau figures."

Full post as published by Mortgage Lender Implode-o-Meter on March 06, 2011 (boomark / email).