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Related: About this forumEconomist Rosenberg Warns Spread Between CCC, BB Is 'Canary in Coal Mine'
pbmus
(12,422 posts)We are...
Once again the people will bail out corporate America, 🤬
Yavin4
(35,438 posts)Funny how that works.
ancianita
(36,055 posts)OR stipulate that bailout only after complete transparency, following the money to create the map created of where and who.
Or to pay THEIR debt, have all their assets liquidated, sold off to groups of citizens' pension fund capital 'managers,' who then auction them off to smaller investors. Then we'd find out just how much of this "debt" is just paper.
Wellstone ruled
(34,661 posts)but triple C's,they are Junkers through and through. From what little Bloomberg talked about yesterday,these are mostly Used Car Loans with underlying Credits scores that are sub subprime rated.
Notice the heavy hitters are working the spreads via derivatives and just what could go wrong. Think the Housing bonds of 2006. Junk begets junk. Think these were cobbled together in order to load Pensions Funds and Insurance company annuities with some crap to sell.
alwaysinasnit
(5,066 posts)Lucky Luciano
(11,254 posts)He is generally a negative person, but smart. I think he left Gluskin Sheff to start his own research firm.