Wall Street Breakfast: Must-Know News [View article]
Agree completely with 1 - 5, but 6 was actually a good idea. Buying up junk is not the way to go... government getting into the hedge fund business ... without a profit motive just doesn't make sense. I heard he couldn't find managers who would do the job with the government looking over their shoulders, dictating. Problem is the banks are sitting on whatever cash they can get, buying T bills yielding .25 %. Buying their junk doesn't help.
Wall Street Breakfast: Must-Know News [View article]
Problem is the banks are sitting on whatever cash they can get, buying T bills yielding .25 %. Buying their junk doesn't help.