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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: Real Man8/1/2007 10:51:14 PM
   of 110194
 
business.timesonline.co.uk

"Leading investment banks on both sides of the Atlantic are
saddled with almost $500 billion (£246 billion) in agreed
leveraged loans that they are unable to parcel out to other
investors. "

As it reported first-half results yesterday, Ken Hanna, chief financial officer at Cadbury Schweppes, said: “The correction in the debt markets last week was more serious than after September 11. It’s very difficult or impossible for buyers to get access to the debt markets . . . It looks like severe indigestion.”
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