Woodbury-based Delta Financial Corp. has worried Wall Street and Long Islanders alike by failing to release their second-quarter profit report as scheduled.

The subprime mortgage company was supposed to release the figures Wednesday morning.

Delta Financial Corp.'s troubles are part of a larger issue. News that a French bank would freeze funds in the subprime mortgage sector caused the Dow Jones Industrial Average to plummet 387 points Thursday.

"I think we're seeing more panic than anything else," Pearl Kramer, of the Long Island Association, said. "Unfortunately, the economy does what people think it'll do."