Libor + + +

Discussion in 'Wall St. News' started by Wallace, Nov 12, 2008.

  1. Kevin O'Leary'Leary_(entrepreneur) the co-host
    of BNN's 'SqueezePlay' phoning-in from LA was saying he's been trying to obtain a
    $150M loan for an 'established and profitable' company; i'm presuming that he's trying
    to get the loan in the States, tho he could well be quoting his experience with Canadian
    banks, anyway he was quoted a rate of Libor + 10%
    we don't know the details but how common might such a quote/loan rate be ?

    kinda pokes Paulson in the eye doesn't it if the banks Are lending but
    at a rate which is financially impractical for companies needing loans