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Finance Pundit
Contributor's Links: Capitalism and Freedom

I spent eight years at Bank of America in New York (1978-86) covering Wall Street, then moved to Moody's Investors Service where I worked for 22 years, covering banks, sovereigns and corporates.

I chaired the Credit Policy Committee for four years. I retired in 2007 as vice ... more

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Leverage Is Lethal For Commodity Producers
Some managements believe that highly rated companies can take on debt because they have market access. Unfortunately, this theory can be a fatal trap.
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