Remove Credit Risk Remove Leverage Remove Restructuring Remove Securities
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Transcript: David Snyderman, Magnetar Capital

Barry Ritholtz

So you come outta college, you go to Pricewaterhouse Cooper and then Koch Industries where you’re focusing on convertible securities, merger, arb, and, and special situations. Either you have the asset and the credit risk, I would imagine. This is the product that, that allows them to transfer credit risk.

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Transcript: Armen Panossian

Barry Ritholtz

And I think a lot of investors and, and lenders and really lost their way and agreed to terms and conditions that in under today’s market environment would not be acceptable levels of leverage that would not work. And, and as a result, there is a, a condition where there’s risks and opportunities in the current market.