As if the housing bubble wasn’t enough, it appears that another financial bubble could be near or here – this one comprised of corporate junk bonds. Remember all the people who bought homes with No Doc loans but really couldn’t afford them, and when rates went up the bubble burst? Think about companies borrowing money they don’t have the wherewithal to repay backed by bonds rated as junk. Hear Jerry Flum, Chairman and CEO, and Peter Roma, Vice President of Credit Risk Monitor paint a rather startling picture to co-hosts Lew Weiss and Tim Grady. You may want to listen to this episode more than once to catch all the nuances and what you need to do RIGHT NOW to cover your assets!
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