The NYT tells the fascinating story of how frenetic bankers like Ralph Eads III raised way too...

|By:, SA News Editor

The NYT tells the fascinating story of how frenetic bankers like Ralph Eads III raised way too much money to finance the shale gas production dreams of those like his frat brother Aubrey McClendon (CHK). "Quit drilling," pleaded T. Boone Pickens to his fellow EXCO (XCO) board members as gas prices plunged. It made sense, but there was a problem: The terms of the EXCO's financing and leasing agreements required the company to continue.