I spent a little time this evening reviewing the prices of junior debt securities of marginally investment grade banks (and a few mutual insurers, also). (alephblog.com)
Who paid attention to the increases in debts, especially junior debts like home equity lending during the boom? (alephblog.com)
8) After many other crises, junior debt gets grabbed when seniors have rallied a great deal. (alephblog.com)