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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 371.65

-1.1%

Nov 17 4:00 PM EST

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To: TobagoJack who wrote (11662)	11/17/2006 9:34:15 AM
From: foundation	Read Replies (2) of 217840

Bankers push limits in hot debt markets Thu Nov 16, 2006 1:10 PM ET <snip> "... LONDON (Reuters) - A surfeit of liquidity in the financial markets is tempting bankers to underwrite and finance deals that may come back to haunt them, a top banker at Goldman Sachs said on Thursday. Eugene Leouzon, the chief underwriting officer for Europe and Asia at Goldman Sachs <GS.N> who sits on the investment bank's global credit committee, said the current conditions were unparalleled in his experience of investment banking. "The markets are really, really red hot," said Leouzon, who approves new loans and debt deals to fund mergers and acquisitions (M&A). "The things we are seeing being done, both on the investment grade side and the non-investment grade side, are I would say borderline stupid," he told the Reuters Investment Banking Summit in London..." <snap> today.reuters.com ---------- LOFL!

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