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Resource ID: #18137
Subject: Stocks And Bonds
Source: Business Week
Date: 2024-09-10



The Business Week reports on "the Great American Fire Sale" on Wall Street where troubled companies and their assets are sold at bargain prices. The story analyses the various strategies of the so-called vultures - investors who risk "billions to buy up the wreckage of the U.S. economic bust." The main conclusion is that the vultures play an important role in cutting "the deadwood" out and helping the economy resume its rapid growth. The report includes a list of the largest companies that have filed for bankruptcy since January, 2000, and their assets.

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