Tags: vulture | capital | short

Too Much Garbage, Too Few Vultures

Tuesday, 02 Sep 2008 11:15 AM

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

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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...
vulture,capital,short
77
2008-15-02
 

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