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Junk Bonds

Gorging on Apples

Michael Farr | Posted 05.02.2013 | Business
Michael Farr

The appetite of the fixed income investor is voracious. Apple was the course of the day with the largest issuance of corporate bonds in the history of our republic for $17 billion.

Dow Does It Again

Reuters | Posted 05.06.2013 | Business

* Dow up 0.3 pct, S&P 500 up 0.1 pct, Nasdaq off 0.1 pct * After Tuesday's record close, Dow hits intraday lifetime high ...

Decoding Romney

Paula Gordon | Posted 12.28.2012 | Politics
Paula Gordon

Financial engineering of the type Mitt Romney represents is not going to fix our problems -- it is what got us into this godawful mess.

How Wall Street Scams Counties Into Bankruptcy

Bloomberg View | William D. Cohan | Posted 07.02.2012 | Business

Bloomberg View: Lord knows we’ve had more than enough scandals ginned up by Wall Street over the years, and the message that banking executives p...

We Have A Thing For Junk

AP | MATTHEW CRAFT | Posted 05.26.2012 | Money

NEW YORK — Americans have a thing for junk. Stock prices have doubled in the past three years, and everyday investors keep pulling money out of...

Stock Rally Still Gets The Stinkeye

The Huffington Post | Mark Gongloff | Posted 02.22.2012 | Business

Retail investors -- average suckers like you and me who have our retirement money in 401(k)s -- often get called "dumb money" by Wall Street. Wall...

Armageddon: An Inside Look At The U.S. Financial Crisis [EXCERPT]

Monika Mitchell and Peter Ressler | Posted 12.12.2011 | Business

The following excerpt is from the newly released book: "Conversations with Wall Street: The Inside Story of the Financial Armageddon and How to Preven...

Heidi's Bar: A Metaphorical Tale Worth Sharing

Kenneth F. Bunting | Posted 12.05.2011 | Business
Kenneth F. Bunting

I do not know who wrote the contemporary fable about "Heidi's Bar," being spread through email blasts and Facebook postings. It wasn't me. I am neit...

The Pot and the Kettle

Dr. Philip Neches | Posted 10.09.2011 | Business
Dr. Philip Neches

If the only factor in rating the U.S. national debt was the performance of Congress, we would deserve lower than junk bond status. The political polls agree.

Bad Credit? For Corporate Borrowers, It's Not A Problem

AP | MATTHEW CRAFT | Posted 05.25.2011 | Business

NEW YORK — With rising fears of a prolonged recession and stomach-churning moves in the stock market, corporate bond markets have performed so well ...

Bernanke, Fed Made Used Taxpayer Money To Buy Junk Bonds Without Congress Knowing

bloomberg.com | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011 | Business

July 1 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that t...

Fed Bought Junk Bonds In Maiden Lane Wall Street Rescue, But Didn't Tell Congress

Bloomberg | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of...

Morgan Stanley And Deutsche Bank Are Being Sued By Nuns

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

Has Judgment Day arrived early on Wall Street? Taking their cue from their American sisters, several groups of Irish nuns are suing Morgan Stanley a...

Obama's Small-Business Program Could Create $300 Billion In Credit for Small Businesses

Bloomberg | Laura Keeley and David Henry | Posted 05.25.2011 | Business

President Barack Obama is on the verge of creating as much as $300 billion in credit for small businesses as bankers raise doubt about whether there's...

Let's Dump The Rating Agencies

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

The time has come to recognize that rating agencies are research firms, and they are not deities endowed with inalienable rights to dictate the quality of investments.

'Den Of Thieves': Why Regulators Should Be Cultural Kings

Alex Leo | Posted 05.25.2011 | Books
Alex Leo

What is clear in "Den of Thieves," clear in the Gulf and clear in our economy, is if our regulators aren't as important, educated, and hungry as the people they're regulating, Americans don't have a chance.

Junk Bond Crash Coming In 2012? 'Avalanche' Of Corporate Debt Set To Mature

nytimes.com | NELSON D. SCHWARTZ | Posted 05.25.2011 | Business

When the Mayans envisioned the world coming to an end in 2012 -- at least in the Hollywood telling -- they didn't count junk bonds among the perils th...

Junk-Bond Rally Premature as Record Defaults Loom, Analysts Say

bloomberg.com | Shannon D. Harrington | Posted 05.25.2011 | Business

May 7 (Bloomberg) -- Junk-bond investors who have spurred the biggest rally on record are getting ahead of the recovery as the rate of company failure...

Snow, Quayle, Feinberg and Merkin: This Is Who Gets Our Bailout Money?

Dennis O'Brien | Posted 05.25.2011 | Business
Dennis O'Brien

As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.