2008-02-12 — blogspot.com
``
Banks were falling all over themselves to finance buyout deals. Like mortgage lenders who offered super-size loans to folks with no proven income, banks lent billions to buyout kings to buy companies that may have little hope of paying that debt back. Particularly egregious were maneuvers by buyout kings to load additional debt on their portfolio companies in order to pay themselves dividends.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
