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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: D.Austin who wrote (253107)	5/6/2002 7:10:02 PM
From: D.Austin	Respond to of 769670

The Bloomberg article also quoted a head of a Wall Street syndicated loan department: “The growth in leveraged lending has been fueled by telecom companies and their rapacious need for capital. Telecom companies need money for network expansion. If the bond market isn't there, they'll go to the bank market for cash. Demand continued in the fourth quarter, 752 high-yield and investment grade loans worth $25.4 billion were made as concerns also faded that the date change to 2000 might roil markets, prompting lenders to open their wallets. The co-head of another Wall Street loan department stated: “As the quarter moved on, people got less and less concerned that there would be problems. People were able to get good deals off the ground.”