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Editor's Choice for April 27

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April 27, 2009 • Reprints

Falling standards for junk? Floyd Norris cautions investors interested in the lofty-looking yields on some junk bonds--in his April 24 column "Subprime: Corporate Version" in The New York Times. Calling the current crop of junk "the worst junk ever," Norris notes that 27% of it is rated "Caa to C" by Moody's--ratings "that once rendered a borrower ineligible for a loan." Caveat emptor.

About the Author
Kathleen McBride, AdvisorOne

Kathleen McBride, AdvisorOne

Kathleen M. McBride, AIF ® is the Wealth Editor in Chief at AdvisorOne.com and was Editor in Chief at Wealth Manager, and Wealth ManagerWeb.com, (now part of AdvisorOne.com). She was Senior Editor at Investment Advisor. She has worked in journalism on-air, in print, and on the Web. She is a founder of The Committee for the Fiduciary Standard, working to ensure that investors have access to financial advice that is in their best interests.

After beginning her career on Wall Street as a broker, bond trader and then an investment advisor at a major bank, she ran new-media startups and developed interactive financial content with major media companies. McBride holds a BA from New York University and has completed the Investment Strategies and Portfolio Management program at The Wharton School of The University of Pennsylvania. She is an Accredited Investment Fiduciary with the Center for Fiduciary Studies.

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