It’s getting tough for our over-indebted, junk-rated LBO queens.
“Calamitous trading losses have eliminated” that “dumping ground.”
“It’s contained – until suddenly it isn’t.”
And the next crisis hasn’t even begun yet.
“We are looking at real carnage….”
Investors bloodied as the Great Credit Bubble implodes at the bottom.
Chesapeake’s Bonds & Shares Collapse amid Junk-Bond Market Rout.
Investors “sit on large amounts of potential and realized losses”: Moody’s
Now spilling from junk-rated energy companies to other sectors.