john haskell

Citi's Deal: Unclogging of the System

Leveraged loans have been trading since the beginning of the crunch in July. They just weren't trading at prices that banks liked, which is a different thing entirely.

As for "finding a buyer," it's always possible to find a buyer if you finance him. In fact that's how the homebuilding industry found buyers for the past 5 years. That worked well, so why not repeat the experience with leveraged loans?