Login or Register
Welcome , Settings |  Logout
Tags: vulture | capital | short

Too Much Garbage, Too Few Vultures

Tuesday, 02 Sep 2008 11:15 AM

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

Vulture investors are raising record amounts, but there still may not be enough money to devour those assets. And if they hope to find a buyer at all, banks may be forced to cut their asking prices to the bone, which would batter their balance sheets even more. "The money is not there," says Joseph Mason, a professor at Louisiana State University. "We're going to see failed sales."

Read the full story here: Wall Street's Big Sell-Off

-

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax community.
Register to share your comments with the community. Already a member? Login
Note: Comments from readers do not necessarily reflect the viewpoint of Newsmax Media. While we attempt to review comments, if you see an inappropriate comment you can block it by rolling over the comment, clicking the down arrow and selecting "Flag As Inappropriate."
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
You May Also Like
Around the Web
 
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved