KKR is in the KRASH KRASH righton

We have a desperate attempt to ignore the unignorable, that the system is finished. The big banks are being allowed to borrow from the European Central Bank and the Federal Reserve, to loan to the hedge funds, to buy from the banks --to get the debt off their books. According to The New York Times, Credit Suisse, Citigroup, Deutsche Bank, HSBC, Lehman, Goldman Sachs, Merril Lynch "have taken the highly unusual step of offering hedge fund clients loans of as much as 75 cents in the dollar, in an attempt to kick start the process."

As for the Alliance Boots deal--the biggest ever in Europe--already in August, KKR's eight bank underwriters abandoned selling $12 billion of mostly senior loans, and the underwriters have been saddled with the debt. Now, two sources who are involved, according to the International Herald Tribune claim that Deutsche Bank and JPMorgan Chase have found buyers for the $750 million of the "mezzanine" (highest interest/riskiest) debt, but have yet to close the deal.

If they get through this deal alive, there are only about $400 billion leveraged buyout deals to go.