Banking collapse possible?

[bsrsharma]

what the hell kinda loan allows debt to be paid back with more debt?

Harrah’s says will repay interest with new debt
http://uk.reuters.com/article/governmentFilingsNews/idUKN0229814820080702

New Issue-CW Media Holdings sells $312 mln in PIK notes
http://uk.reuters.com/article/marketsNewsUS/idUKN2666898520080626

Nexstar Broadcasting Reduces Bank Borrowings with Proceeds of Newly Issued Notes
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080630006389&newsLang=en

[bsrsharma]

what the hell kinda loan allows debt to be paid back with more debt?

Harrah’s says will repay interest with new debt
http://uk.reuters.com/article/governmentFilingsNews/idUKN0229814820080702

New Issue-CW Media Holdings sells $312 mln in PIK notes
http://uk.reuters.com/article/marketsNewsUS/idUKN2666898520080626

Nexstar Broadcasting Reduces Bank Borrowings with Proceeds of Newly Issued Notes
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080630006389&newsLang=en

[bsrsharma]

what the hell kinda loan allows debt to be paid back with more debt?

Harrah’s says will repay interest with new debt
http://uk.reuters.com/article/governmentFilingsNews/idUKN0229814820080702

New Issue-CW Media Holdings sells $312 mln in PIK notes
http://uk.reuters.com/article/marketsNewsUS/idUKN2666898520080626

Nexstar Broadcasting Reduces Bank Borrowings with Proceeds of Newly Issued Notes
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080630006389&newsLang=en

[Anonymous]

I used the commercial banking world, where we portfolio the loans and are required to maintain appropriate risk grades based on the current financial condition of the borrower.

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