Thursday, Oct 04, 2007
I lend to you to buy loans from me....
FT.com: Banks use discounts to tempt ‘vulture funds’
So that i can lend more. This of course will increase the stability of the financial system by decreasing the correlation of failure & default (!!?). You just have to smile don't you. Don't worry though.... Its like branded car loans apparently (i made a post earlier today in preparation of a few things happening in that department...).
Posted by whiteknight @ 09:32 PM (285 views) Add Comment
1 Comment
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1. alan said...
In the event of stagflation, leveraged buy-out debt is a ticking time bomb. We may not get to stagflation, but the threat is there.