U.S. Officials Meet in Secret Over Junk-Loan Frenzy as Recession Alarms Flash
Via The Street The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade’s surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that … Read more