Fallin: Recovery Rates for leveraged loans have been less than 25%. (WSJ)
Same Dif: “As hedge funds come under increasing regulations, analysts believe the next industry to face tighter and stricter rules could be private equity,” reports Business 24/7. Hate to break it to you but most regulators hardly know the difference! (Business 24/7)
It’s Like Crack: Investors in the so-called toxic fund won’t do it without leverage, Wilbur Ross and Jeffrey Gundlach say. (Reuters)
A Bit Late: If you were busy observing Fat Tuesday and Ash Wednesday over the last few days, you may have missed Barack Obama’s speech, but A VC has a pretty nice summary of the most interesting part of it. (Ten Thoughts…)
Social Leverage: “The founder of Wallstrip and StockTwits launches a “social investment bank of the post credit crisis era” with partners including former pitcher Todd Stottlemyre.” (Dealscape)
You Booze You Lose: Keeping with my intrepid coverage of whether or not alcohol is counter-cyclical, we learn of further evidence to the contrary as cash-strapped states raise their alcohol taxes. (Bloomberg)
First Time For Everything: Companies are cutting hours without cutting staff. I have heard of a number of companies doing this across the board, and its pretty amazing. (BusinessWeek)
Literally: Ahh yes, the sinking mortgage expert on CNBC. As Joe Weisenthal writes, “The combination of physical humor and metaphor makes this the funniest thing we’ve seen in a long time.” via Clusterstock.