Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $36,694
45%  
Woo hoo!! And we're now over 45%!! Thank you all very much!! God bless.

Keyword: clo

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  • Enough Is Enough

    07/26/2007 9:38:25 AM PDT · by hripka · 18 replies · 784+ views
    PIMCO Bonds ^ | August 2007 | Bill Gross
    "The rich are different from you and me," wrote Fitzgerald and I suppose they are, but the differences – they wax and wane with the economic tides. Gilded ages come, go, and are reborn on the monsoon cloudbursts of seemingly intangible forces such as globalization, innovation, and favorable tax policy. For the rich to be truly rich and multiply their numbers, they need help. Adept surfers they may be, but like all riders, the wealthy need a seventh wave that allows them to preen their skills and declare themselves masters of their own universe, if only for a moment in...
  • Seeds of credit crunch grow in LBO loan market

    06/20/2007 6:05:11 AM PDT · by OpusatFR · 1 replies · 282+ views
    Reuters ^ | Jun 19, 2007 | Walden Siew and Michael Flaherty
    NEW YORK (Reuters) - Investors looking for signs of a crack in the credit markets are turning their attention to a corner of the debt market that's been feeding the leveraged buyout frenzy. Banks used to finance buyouts mainly with loans on their balance sheets, but are now packaging and selling that debt to investors using instruments called "collateralized loan obligations" (CLOs) that group various loans together to diversify risk. For example, debt issued by the $5.6 billion private-equity purchase of rental company Hertz (HTZ.N: Quote, Profile, Research) is now in the hands of more than 200 CLOs. Similarly, HCA...