#creditdefaultswaps

[eboxta]

The Credit Investor's Handbook: Leveraged Loans, High Yield Bonds, and Distressed Debt (Wiley Finance) 1st Edition - eBook

The Credit Investor's Handbook: Leveraged Loans, High Yield Bonds, and Distressed Debt is the definitive guide for professionals pursuing or advancing a career in leveraged credit markets. With the global leveraged credit market exceeding $4 trillion, demand for skilled credit analysts continues to grow, making this book an essential resource for finance students and investment professionals alike.

Written by seasoned investor Michael Gatto—who brings over 25 years of experience from Silver Point Capital and Goldman Sachs—this authoritative manual provides practical insights into public and private debt investing, performing and distressed credit, and complex restructuring scenarios. Drawing from real-world case studies and firsthand experience, Gatto simplifies sophisticated investment strategies into an accessible, step-by-step framework.

At the heart of the book is a seven-step credit analysis process that equips readers with the technical skills needed to evaluate leveraged loans, broadly syndicated loans (BSLs), high-yield bonds (HY), and secondary market trades. The guide also covers essential topics such as financial statement analysis, valuation, forecasting, relative value assessment, debt structuring, leveraged buyouts (LBOs), credit spreads, and credit default swaps.

A dedicated section on distressed debt investing explores bankruptcy law, subordination structures, creditor-on-creditor conflicts, and high-profile Chapter 11 restructurings. Through practical examples—including complex cases like J. Crew and Serta—the book provides an insider’s perspective on navigating opaque and high-risk credit situations.

Ideal for finance majors, aspiring credit analysts, buy-side and sell-side professionals, professors, legal advisors, and restructuring specialists, The Credit Investor's Handbook delivers the analytical tools and industry knowledge required to succeed in today’s dynamic credit markets.

[indianmoney-com]

Central Banking In The Twenty First Century

[realestatemarketingandsales]

#CreditDefaultSwaps | #CollateralizedDebt Obligations https://t.co/BFUKUOdSBC https://t.co/RqUO74K01b

[realestatemarketingandsales]

#CreditDefaultSwaps | #CollateralizedDebt Obligations https://t.co/BFUKUOdSBC https://t.co/RqUO74K01b

[onesentenceconspiracy]

In 2002, Goldman Sachs secretly bought up billions in Greek debt, converted it and immediately sold it back to Greece to hide Greece’s deficit, only for Goldman to later sell it back to Greece at lone-shark interest rates - while at the same time selling Goldman CDS insurance on those same loans.

Greg Palast for In These Times

[theleastcoolthing-blog1]

First attempt

This project (see the Rationale for an explanation) is going to be harder than I first thought. Not only do you need to find examples of the least cool thing, but ideally you also need to capture the moment for posterity and Tumblr.

Over lunch with my friend (pictured below with face scrubbed out), I spotted a guy walk in with a t-shirt that I thought clearly qualified for the opening instalment of this Tumblr. It was a very simple "I [heart]" design with the twist that the object of desire was "credit default swaps": a major cause of the financial crash that we're still suffering from. The intention was obviously sarcastic, but there's still an edginess to the literal pro-financial-industry-dodginess message of the t-shirt, which brings it into the least cool thing territory. Would a hipster wear a t-shirt with "I [heart] bankers" for example?

Anyway, I'm new to this photo blogging game, so I didn't want to confront the guy in question (head circled in the photo above) and would have preferred to get a candid snap of the t-shirt. This was too tricky for me, so the closest I came to capturing the moment was as we waited outside the cafe, but again my paparazzi skills were terrible so (as you can see in the photo below) the t-shirt design was blocked by my friend's arm. The best I could do was Photoshop the design in approximately the right place.

Well we're off. Hopefully this goes somewhere.