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Loan Modification
: Mortgage Lender Implode-o-MeterCorporate Debt Coming Due May Squeeze Credit
By Implode-Explode Heavy Industries
When the Mayans envisioned the world coming to an end in 2012 ? at least in the Hollywood telling ? they didn?t count junk bonds among the perils that would lead to worldwide disaster.
Maybe they should have, because 2012 also is the beginning of a three-year period in which more than $700 billion in risky, high-yield corporate debt begins to come due, an extraordinary surge that some analysts fear could overload the debt markets.
Full post as published by Mortgage Lender Implode-o-Meter on March 16, 2010 (boomark / email).
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