Leveraged Loans Pave the Way On Wall Street
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The Federal Reserve last week indicated it is ready to begin tapering "soon," hinting that the era of ultra-easy money will soon be winding to a close. And on Wall Street, the looming end of the free money era means it's time to back up the truck — the grown-up equivalent of "last licks" on the T-Ball field.
Private equity-backed companies have issued a whopping $120 billion of leveraged loans this year, just shy of the $124 billion record set in the first nine months of 2007 — notably, the eve of the Great Financial Crisis.
Source Fool.com
