Relevant:
- The Greatest Financial Bubble in History
- Global debt explodes at 'eye-watering' pace to hit £170 trillion
- 'Crexit' warning as corporate debt seen ballooning to $75 trillion (ZIRP+NIRP NEEDED FOREVER!!)
- Wall Street's Latest Love Affair With Risky Repackaged Debt
- MarketWatch's Arends: Corporate Debt Market Is a Bomb About to Explode
2008-10-22 — bloomberg.com
"Investors are taking losses of up to 90 percent in the $1.2 trillion market for collateralized debt obligations tied to corporate credit as the failures of Lehman Brothers Holdings Inc. and Icelandic banks send shockwaves through the global financial system. "
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