Adam Cohen, founder of Covenant Review, joins Grant's for an insightful overview of our loosey-goosey credit market.
1:20 "Read the footnotes," then and now8:41 Where is the danger for lenders?13:54 Potential consequences of widespread cov-lite
James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His journalism has appeared in a variety of periodicals, including the "Financial Times", "The Wall Street Journal" and "Foreign Affairs."