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Umm..no wonder AmTrust went busto look at what they were holding before everything went to hell.

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Consolidated Statement of Condition – September 30, 2008

($ in thousands)

Assets

Cash and Cash Equivalents
$ 1,736,109

Investment Securities
932,458

Loans and Mortgage-backed Securities
12,777,077

Mortgage Servicing Rights
77,193

Stock in Federal Home Loan Bank
222,542

Real Estate Investments
23,878

Real Estate and Other Assets
Acquired in Settlement of Loans
260,496

Office Properties and Equipment
65,302

Other Assets
357,305

Total Assets
$16,452,360

Liabilities and Net Worth

Deposits
$12,156,934

Advances from the Federal Home Loan Bank
2,339,808

Other Borrowings
738,667

Advance Payments by Borrowers for Taxes,
Insurance and Escrow
43,305

Accrued Expense and Other Liabilities
301,004

Net Worth
872,642

Total Liabilities and Net Worth
$16,452,360

- Contrarian01




InvestmentWatch

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