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If the European banking crisis or the U.S. economy turn problematic again, then even torrents of central bank liquidity will not offset an increased risk profile for underlying investments.
FORBES: Yield The Right Of Way: BDCs Back On The Road
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Its loans will be transferred to the National Asset Management Agency (Nama), the Irish "bad bank" responsible for recovering the value of problematic loans made by other Irish banks.
BBC: Anglo Irish Bank debt deal gets ECB clearance
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Michael Mayo, until recently the top banking analyst for Credit Suisse First Boston, thinks that leveraged lending has been responsible for the recent increase in bad or problematic loans at a raft of American banks, including Bank of America, FleetBoston Financial, Bank One and Wachovia.
ECONOMIST: The bigger they are