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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Massive leveraged buyouts. An ever-growing pile of risky debt. Early signs that subprime consumers are falling behind.
It may not be 2007 all over again, but history is at least rhyming here. Then it was TXU Corp.’s $44 billion LBOBloomberg Terminal, now its Electronic Arts Inc.’s potential $50 billion buyout. Then it was subprime mortgage bonds, now it’s private credit, among other kinds of debt. Then subprime consumers were missing mortgage paymentsBloomberg Terminal, now they’re falling behind on auto loans.