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‘Ruthless’ bankruptcies

…this debt currently owed by American companies was a result of heavy borrowing during the leveraged-buyout boom, which lasted from 2005 to 2007. Private equity firms borrowed enormous sums of…

Crooked Timber notes from the FT

…appropriate (in more ways than one) quote: In reality, conflicts of interest abound – between buyers and sellers, short and long terms, equity and debt, taxpayers and shareholders. Context is…

The Collins Mixer

…Ms Wikipedia? if they are issued by a bank holding company, they will be treated as capital (equity/own funds) rather than as debt for regulatory purposes. This is why trust…

I like this comment by Yves Smith

…effect of today’s equity market gyrations is further distrust in the markets, particularly by retail buyers. I am told that various retail trading platforms were simply not operating during the…