bloomberg.com: Goldman, JPMorgan Stuck With Debt They Can't Sell to Investors

Bankers, who just a few months ago boasteddemand for high-yield assets so great that they would have no problem raising debt for a $100 billion LBO, are now paying for their overconfidenceBeyond Our Risk' `Many of these things beyond our risk desires,'' said Bruce Monrad, who manages $1.5 billion of high-yield bonds at Northeast Investment Management Inc. in Boston. JPMorgan spokesman Adam Castellani, Deutsche bank spokesman Scott Helfman and Morgan Stanley spokeswoman Jennifer Sala either declined to comment or didn't return calls. All the banks are based in New York, except Deutsche Bank, which is in Frankfurt. Many of these things are beyond our risk desires,'' said Bruce Monrad, who manages $1.5 billion of high-yield bonds t Northeast Investment Management Inc. in Boston. PMorgan spoke