paulibloom

Some Key Observations on KKR Financial

The above comments are just factually incorrect. The author seems to not understand the meaning of the word non-recourse. KFN has no residual liability on the ABCP. By virtue of this fatal mistake, the author completely misunderstands the liquidity situation. He can help himself by listening to the conference call again. In addition he will hear that KFN can in fact effectively take out their short term financing via a facility they put in place last November.