Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
that's really beautiful.

The NYT had a very nice series on the defunct US mattress manufacturing company Simmons which finally collapsed after a private capital concern purchased the firm, using the firms own debt, and then paid itself a huge fee with more debt, and then declared bankruptcy. The bond market, with its usual good sense, ate those bond issues up, as if they were delicious.

by rootless2 on Sun Jun 6th, 2010 at 02:15:26 PM EST
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