2010-11-16 — reuters.com
Billionaire money manager Philip Falcone, facing regulatory scrutiny for having borrowed $113 million from his hedge fund, is now taking a more conventional path to getting a loan -- he's going to a bank.
Earlier this month, Falcone and his wife posted some of their "fine art" as collateral for a secured five-year loan from Bank of America (BAC.N), public records show.
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