"Ahm fixing to futtilize that ailing redbud, " a lovely old woman in Marion, Ala.

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But even after learning about the defectiveness of the loans, Bear Stearns "went on to issue over 30 sub-prime and Alt-A securitisations that included AHM loans", says the attorney general.

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Its maker, Amersham Biosciences , a division of Amersham Plc. (nyse: AHM - news - people ) of the U.K., claims the IN Cell machine will cut years off the drug-discovery process.

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As one example, an internal Bear Stearns email of June 2006 is cited which says that 60% of loans being bought from a particular mortgage company, AHM, were 30 days or more delinquent or behind on payments.

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But a device introduced in 2001 by a division of U.K.-based health care giant Amersham Plc. (nyse: AHM - news - people ) uses a dramatically different approach, one that promises to cut years off the drug discovery process.

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An executive at General Electric (nyse: GE - news - people ), Loescher had previously served as chief operating officer of Swiss biotech-tools firm Amersham (nyse: AHM - news - people ) and as chief executive of the Japanese arm of drug giant Sonofi-Aventis (nyse: SNY - news - people ).

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