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Yesterday, Chrysler Group became a signpost for the high-yield-debt market's strain as bankers for the ailing auto giant postponed a $12 billion sale of debt to investors as part of a buyout severing Chrysler from German parent DaimlerChrysler AG.
Clever way to avoid saying "junk bonds".

Can the last politician to go out the revolving door please turn the lights off?
by Migeru (migeru at eurotrib dot com) on Fri Jul 27th, 2007 at 06:43:23 AM EST
and have for a long while. I'm not sure there's too much to be found there.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Jul 27th, 2007 at 09:56:40 AM EST
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