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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: stan_hughes who wrote (82792)6/17/2007 9:27:02 AM
From: GST  Respond to of 110194
 
Outstanding article! Thanks for posting it.



To: stan_hughes who wrote (82792)6/17/2007 4:22:54 PM
From: NOW  Read Replies (1) | Respond to of 110194
 
the reality is, it is the taxpayer and not the hedgies that will take the hit in due time. i can hardly wait to see Chris Dodds and his bailouts



To: stan_hughes who wrote (82792)6/17/2007 5:10:43 PM
From: George K.  Read Replies (2) | Respond to of 110194
 
Mario Gabelli in Barron's Roundtable sounded a similar alarm on private equity targets. He thinks the weakest covenant lite targets can go maybe 2 years of stress then the garbage surfaces - 2009 or 2010.

He pointed to another item being discussed in public corp. boardrooms -- why should we bother maintaining triple A debt ratings if private equity guys can buy us out and run eight times the debt? Yikes.