Thursday, June 21, 2007
Question: Who's On Trouble On The Block?
How about H&R Block? Seriously, in the last quarter, H&R Block announced a net loss of $85 million (26 cents per share). For the same period last year, H&R Block had over $587 million in profits! What happened? Sub Prime Lending... H&R Block's mortgage unit called Option One Mortgage Inc. is to blame. Shame on you H&R Block.
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