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| Re: Willard's Offshore Assets Remain Hidden (955697) | |||
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Re: Willard's Offshore Assets Remain Hidden |
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Posted by Charles G on Thu Jul 5 10:56:50 2012, in response to Re: Willard's Offshore Assets Remain Hidden, posted by bingbong on Thu Jul 5 07:54:42 2012. How do you know what this money is or is not doing? The fund is a "high-yield" fund, which is the polite name for "junk bond" fund, which is the impolite name given to a fund that loans moneys to companies that are poor financial risks. These companies may be in the US or may be elsewhere.By the name of the fund, I'd suggest that they are actually in the business of saving jobs by extending a lifeline (albeit an expensive one) to companies that would otherwise have to close down. |
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