The Junk Bond Time Bomb

By: Tuesday October 30, 2012 10:00 am

At some point, Wall Street will dry out, the New York Stock Exchange will return to life, and the traders will roll back into Lower Manhattan. And by most accounts, they will continue their trend of purchasing garbage. Junk bonds are living up to their name again. Companies with junk credit ratings have been increasingly [...]

The Junk Bond Bubble

By: Wednesday March 9, 2011 12:58 pm

This seems like a fantastic idea. The new rage on Wall Street is a “synthetic” derivative that allows people to “take positions in the US junk bond market without owning the underlying securities.” Basically, you’re talking about mortgage-backed securities for the junk bond market. The junk bond market! We’ve known about increases in the junk [...]

Horrors! Wall Street Making Less Astronomical Sums of Money

By: Monday September 20, 2010 1:00 pm

Here’s something sure to make me shed a tear for that hedge fund manager who complained to the President about getting “whacked like a pinata.” Turns out his core businesses just aren’t generating the obscene profits of recent years anymore. Even after taxpayer bailouts restored bankers’ profits and pay, the great Wall Street money machine [...]

support firedoglake
Follow FDL News Desk
TODAY’S TOP POSTS
Advertisement
FROM PR NEWSWIRE

Close