Exclusive outtakes from industry leaders
AUDIO-$700 bln bailout sparks inflation, moral hazard fear
Martin Fridson — known as the “Dean of the high yield bond market” — is concerned about what we don’t know when it comes to consequences of the U.S. federal government’s $700 billion bailout to help move toxic mortgage debt off their balance sheet.
Fridson, the Chief Executive of Fridson Investment Advisors, told the Reuters Summit on Tuesday that beyond the unforeseen consequences that scare him most, moral hazard and inflationary pressures from the historic government action top his list of concerns.
To listen to Fridson’s comments, click here