The author betrays total ignorance about U.S. financial markets and even more so about specific Drexel transactions.

FORBES: Dow Jones Interactive

Canyon Partners LLC, a money manager founded by bond experts from the former "junk"-bond shop Drexel Burnham Lambert, and CQS, a London hedge-fund firm founded by U.K. millionaire Michael Hintze, recently launched new investment funds to take advantage of bargains in distressed mortgage debt.

WSJ: Toxic? Says Who? Taste