High-yield bond veteran Martin Fridson says the U.S. is in "uncharted waters" and the cost of the government's bailout plan could "mushroom."
One of Wall Street's most highly regarded high-yield bond market veteran's says the government's $700 billion bailout plan could "mushroom" once credit card receivables and car loans are taken into account. Martin Fridson, speaking at the 2008 Reuters Restructuring Summit in New York on Tuesday, said the plan could climb to $1 trillion.Speaker:
Martin Fridson
Founder & CEO, Fridson Investment Advisors
Presenter:
Bobbi Rebell
New York
