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To: Giordano Bruno who wrote (343484)	9/14/2007 8:54:08 AM
From: stan_hughes	Respond to of 436258

That's interesting. I wonder if it's because the paper wouldn't move, or because the banks now want to retain it I'm reading stories on other boards/threads where a whole raft of bad actors (e.g. Blackstone, Texas Pacific, Carlyle, GS, Lehman, Apollo, GLG Partners, Oaktree Capital, Blue Mountain) have been poking around looking to buy up discounted debt and other shaky but performing paper for the higher yields On one hand you might see the presence of big vultures like that as a bottoming trend in distressed debt -- on another level, maybe they just see a good trade here as the Fed drives rates down and temporarily recusitates Goldilocks long enough for them to flip it back out