Wilbur Ross Jr., Chairman and CEO of WL Ross & Co., speaks at the NanoBusiness Alliance Conference in this April 17, 2007 file photo in New York. American Home Mortgage Corp. filed for bankruptcy protection on Monday, the latest casualty of a mortgage industry that has plunged into distress. In a statement, American Home said it lined up $50 million in debtor-in-possession financing from WL Ross & Co. LLC. WL Ross is led by billionaire Wilbur L. Ross Jr., who has rescued failed companies in the steel, coal, telecommunications and textile industries.

Photo by Mark Lennihan, Associated Press

Wilbur Ross Jr., Chairman and CEO of WL Ross & Co., speaks at the NanoBusiness Alliance Conference in this April 17, 2007 file photo in New York. American Home Mortgage Corp. filed for bankruptcy protection on Monday, the latest casualty of a mortgage industry that has plunged into distress. In a statement, American Home said it lined up $50 million in debtor-in-possession financing from WL Ross & Co. LLC. WL Ross is led by billionaire Wilbur L. Ross Jr., who has rescued failed companies in the steel, coal, telecommunications and textile industries.

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