Seeking Alpha

The spigot is open, with April seeing $11.5B in "covenant-lite" loans issued to junk-rated...

The spigot is open, with April seeing $11.5B in "covenant-lite" loans issued to junk-rated companies, up from $3.6B in the entire 1st quarter. Banks are able to make these loans because they're finding it easier to repackage them and unload them to investors desperately searching for yield. While the music's playing, you gotta dance!
Comments (2)
  • what a joke! the street never changes.
    1 May 2012, 09:33 AM Reply Like
  • The WSJ is no different. A news story excerpt "repackaged" here on SA with a link to their website to get readers to subscribe to their news service and paper. I guess SA is getting their cut on my gullible click., LOL.

     

    c'mon SA editors, click my kudo meter and I'll go back and click the story again for you.
    1 May 2012, 12:38 PM Reply Like
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