For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

In a land of panicky banks, the fearless, risk-loving private equity firm is king.

With banks conducting fire sales of corporate bonds, capital-potent PE firms are taking advantage of deep discounts and hoovering up the high-yield debt. Even better, a good portion of the bargain corporate debt was issued by companies already in their investment portfolios, Bloomberg reported Wednesday.

Continue reading

Source Fool.com