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Paper company gaps tighter as it books higher earnings
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Investor puts 'most liquid' KKR CLO's junior notes up for sale
Credit market snapshot: flat as market awaits word from Greek talks

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You are here: Home » Newsletter

Creditflux Newsletter

August 2009

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Top Story

Fishknife - History says AIG was a brave pioneer

Michael Lewis’s thoroughly researched article in Vanity Fair reminds us how neatly AIG fits into a historical pattern. Call it the Penn Square paradigm, if you like. This is the phenomenon where the leading proponent of a new way of extending credit collapses in disgrace. Sometimes there are misdeeds involved.…