Searching for Daddy?

Now that most of the scars have been healed from working at First NLC, I can't help but laugh when a Google Search for N**l Hen****l's name returns this blog as the number one result!

For those of you who are looking for info on our former benevolent leader, I urge you to check out the blog entries from '07-'08. You'll find lots of interesting bits of information about how this company was run straight into the ground by petty decision-makers and short-sightedness. And believe me, it all started right at the top.

I rarely have any info to report on the company these days, aside from the fact that it appears as a black hole in many former staffers' employment records. I'm curious, though - how many people have removed First NLC from their resumes altogether? I know some folks who were with the company less than a year before they started shutting things down - would they still be willing to deal with the BS of trying to track down records of employment and explaining how they were duped into thinking a company that was moving into plush new offices in T Rex was actually legit and well-managed?

I'm seriously considering looking for a new job now that the market is starting to improve, but I'm wondering what I'm going to tell everybody about First NLC, which is the last company I worked at prior to my current one. Shucks, I don't even know who I could use as a reputable reference, considering how many questionable individuals were on the various management teams.

At this point, about the only thing First NLC is good for is showing that you stayed employed and paid the bills during that particular time in your life. Other than that, it remains an organization I wish I never worked for.

It's 2010 and First NLC Continues to be a Pain in Former Employees' Asses

I gotta tell you - it's been so long since I updated this blog that I had forgotten my login info.

I continue to hear stories from my former colleagues about First NLC being the ONLY company that never appears in their employment verification reports when they are looking for work. It's a final "FU" from Daddy and the Juniors, and just another example of how half-assed this company was (mis)managed.

Look, I understand you couldn't afford to keep the lights on in TRex, but you could have at least left a sign on the door when you left the building.


At this point, I think I'd rather take my chances with First NLC being off of my resume completely.

FBR: F*cked Beyond Repair

Are any former FNLC'ers still holding on to their FBR stocks? Might as well claim them as a loss for tax purposes:

Friedman, Billings, Ramsey Group Receives Listing Standards Notice from the NYSE

ARLINGTON, Va., Nov. 7 /PRNewswire-FirstCall/ -- Friedman, Billings, Ramsey Group, Inc. (FBR Group) (NYSE: FBR ) today announced that on November 4, 2008, it was notified by the New York Stock Exchange (NYSE) that it was not in compliance with an NYSE continued listing standard in that the average price of its stock had fallen below $1.00 per share for a consecutive 30 trading-day period.

FBR Group intends to cure the deficiency and is exploring alternatives for curing the deficiency and restoring compliance with this continued listing standard. Under NYSE rules, FBR Group has six months from the date of the NYSE notice to do so.

FBR Group's common stock remains listed on the NYSE under the symbol FBR, but will be assigned a ".BC" indicator by the NYSE until compliance has been restored.

FBR Group's business operations, Securities and Exchange Commission reporting requirements, credit agreements, other debt obligations and its subsidiaries, including FBR Capital Markets Corporation (FBR Capital Markets) (Nasdaq: FBCM), are unaffected by this notification. FBR Capital Markets is a separately traded and managed public company.

Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) invests in mortgage-related assets and merchant banking opportunities. FBR is headquartered in the Washington, D.C. metropolitan area. For more information, please visit http://www.fbr.com/.

Wow - I wonder how money much Daddy and the Juniors lost thanks to their former corporate parents!

T Rex Has A New Tennant!

That's right, everybody's favorite office park has a new tennant - I'll give you three choices to guess who it is:

a) Bluth Industries

b) Enron

c) RPM Oversight

If you guessed "c" you're correct! Who wants to bet that Daddy and the Juniors are now residing in T Rex on First NLC's (bankrupt) dime?

Wow, talk about a "fresh" start, huh? With this kind of thinking, I'm sure RPM Oversight is basically being run as First NLC 2.0. In other words, this company is going to be just as much of a joke as the last one these bozos ran into the ground.

Can't wait for the RPM Oversight retail ops center to show up in Anaheim!

Researching RPM Oversight? Here Are Some Handy Links

This blog has received a fair amount of traffic lately from folks searching for "RPM Oversight" on search engines. For you folks who want to know why a blog about First NLC, a company that went bankrupt earlier this year, appears in the search results for RPM Oversight, it would probably help to explain that the majority of the RPM Oversight exec team also were members of First NLC's exec team.

The RPM contingency would love to have their misdeeds and past errors magically disappear as they attempt to start anew, but there are many, many people who were thrown under their bus as it sped out of town. These folks have all contributed to this blog's community, and I encourage you to take a look at the following links to get an idea of who is behind RPM Oversight and how they've conducted themselves. Enjoy.

http://lastnlc.blogspot.com/2007/05/did-you-know.html
http://lastnlc.blogspot.com/2007/05/job-searches-squashed.html
http://lastnlc.blogspot.com/2007/06/final-insult.html
http://lastnlc.blogspot.com/2008/01/bankrupt.html
http://lastnlc.blogspot.com/2008/02/of-watches-birthdays-and-ungratefulness.html
http://lastnlc.blogspot.com/2008/02/strange-but-true-tales-from-comments.html
http://lastnlc.blogspot.com/2008/02/50-million.html

Web Marketing 101 for RPM Oversight, Daddy and the Juniors

Contrary to many opinions and theories on this blog, I happen to know a thing or two about doing business online. So, I thought I would pass on a small piece of advice to the bozos over at RMP Oversight (http://www.revupyourreturns.com/):

Don't use a web address that doesn't include the name of your organization!

Seriously - what in the hell does "Rev Up Your Returns" have to do with "RPM Oversight?" That's like ESPN using "getsportsscores.com," FBR using "subprimecompanyliquidators.com" orBank of America using "keepyourmoneyhere.com" as their URLs.

It's called online marketing, you bozos. Look into it.

Actually, I'd rather you didn't. I like being the number one Google search result for YOUR company. Besides, why spend money on acquiring a good URL? That's just plain silly, when you can do things the old-fashioned way!

I can't wait to see what this company's logo is going to look like.

This "No Duh" moment was brought to you by Citizens Against Swindlers in the Financial Industry.

So, What Does RPM Oversight Do?

RPM Oversight (can you believe anybody would actually use the word "oversight" in the name of a financial management company?) must be a very dynamic company - they've already changed their "what we do" statement on their web site to the following:

RPM Oversight assists our clients with:

• Portfolio sales
• Portfolio purchases
• Portfolio oversight and reviews
• Servicer oversight and reviews

RPM Oversight thoroughly reviews and assesses the documentation, compliance, property value, and servicing records of every loan in every portfolio we manage.

Looks like, upon further review, their original "what we do" statement had too many holes (facts) to fill.

By the way - I'm really loving the dead link to "Click here to see case studies detailing RPM's successes" on the homepage. What, you don't have any successes yet? How much you wanna bet that the first successes they have listed will be for Daddy, Junior, OtherJunior or any of their cronies?