Kent Collier and Sarah Gefter of credit research firm www.reorg.com call in to discuss the latest happenings in distressed debt.
3:51 2007, then and now7:16 Taking inventory of the cycle12:51 The J. Crew "trapdoor." Innovation or gimmick?18:02 Deteriorating accounting standards20:38 Issues that might ring the bell
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."