KKR Losses Show Failure to Close Loan Gap Raising Bankruptcies

Bloomberg by Pierre Paulden, Neil Unmack | Mar. 13, 2009 (News Report)

Now, as an economic slowdown drags into the 16th month, borrowers unable to pay their debts are causing record losses for CLOs. Moody’s Investors Service put 760 of the funds, holding about $440 billion of assets, on review for downgrades on March 4. Unless policymakers decide to earmark some of the $11.6 trillion of government programs created to combat the seizure in credit markets to support high-yield loans, defaults may soar through 2012, according ... Full Story »

Posted by Peter L. Combs

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Subjects: World, U.S., Business
Topics: Global Economy, U.S. Budget, U.S. Economy
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Posted by: Posted by Peter L. Combs - Mar 13, 2009 - 6:04 AM PDT
Reviewed by: Peter L. Combs (review), Fabrice Florin (review), Patricia L'Herrou (review)
Content Type: Article
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Edited by: Peter L. Combs - Mar 13, 2009 - 6:04 AM PDT
Related Comments: Global Economy (2)

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Peter L. Combs
4.0
 by Peter L. Combs - Mar. 13, 2009

After a week long rise on the DOW , this story injects a little perspective. Numerous sources from the inside players, numbers and underlying issues of the market. Not a doom and gloom piece, but a clear revealing look at whats happening today. A very timely read for now and another cog in the recovery machine that needs watching.

Wall street is all about liquidity today, the grease that keeps things moving. These folks ARE the market movers...shortages of cash could reverse this weeks gains along with many other things, but this liquidity is paramount over everything including Unemployment numbers.

Peter posted this story.
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Patricia L'Herrou
3.8
 by Patricia L'Herrou - Mar. 14, 2009

the story implies that a certain amount of the problematic loans in the financial system are not from mortgages, and instead are very large business loans which we, the public, don't hear much about. i wish it had been written to be more easily deciphered by a non-finance reader, and i wish there had been knowledgeable sources from the gov't to comment on this.

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Fabrice Florin
3.5
 by Fabrice Florin - Mar. 13, 2009
See Full Review » (2 answers)

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