Pandit's "Closer to End" Means No Escaping LBO Loans
Bloomberg News - April 29, 2008 (New York)
By Pierre Paulden and Cecilre Gutscher

While the banks remain stuck with lending commitments, the loans to private-equity firms are generally higher quality than the LBO financing, said Janet Tavakoli, president of Chicago- based Tavakoli Structured Finance, which advises banks and hedge funds. That reduces the amount of capital they are required to put up to cushion against potential losses.


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