Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (18772)	9/15/2000 12:49:12 PM
From: LLCF	Read Replies (1) of 436258

By the way... that WAS a nice call on the bond... and speaking of 'bonds'... or credits and credit spreads... another "Grant's" article: Mike Brosnan, deputy comptroller for risk evaluation at the Office of the Comptroller of the Currency: "Back then [The 80's] some of the weaker credits might not have had pay-down requirements for five years... nowadays we have seen some credits go out eight or nine years... AND these are not AAA credits, these are highly leveraged, non-investment grade credits that are prominent in syndication." Pretty much what you were saying last week. DAK

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