Tannenbaum Says Banks `Pulling Back' on Corporate Loans
Dec. 29 (Bloomberg) -- Leonard Tannenbaum, chief executive officer at Fifth Street Finance Corp., talks about the outlook for lending to corporations in 2012.
"The Banks" (all four of them) are cooking the books on foreclosed real
estate nationwide. When they say they "have a good balance" that is because
abandoned homes are being dropped, flipped or quietly zoned for demolition
by corrupt local government administrations.
Len is a dreamer. There still is too much debt chasing too little
production, and too many major players badly exposed no matter how much
their leverage has been reduced over the past few years. The banking system
remains vulnerable to shark attacks a la 2008.
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