Loose Change

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Loose Change

Tastes Great, Less Filling ... Food euphemisms abound in the loan market, where deals are "sweetened" and investors are often characterized as hungry and even "licking their chops." Indeed, investors scarfed down food deals not so long ago. But one banker, lamenting the efforts expended in trying to sell new deals to a picky buyside audience, sounded more like a weary waiter. "It's like feeding someone with a full stomach," he said. Maybe just a thin mint, sir?

 

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