‘Terrifying’ Landscape for Distressed Investing

This tour-de-force of the distressed investment strategy is a must-watch. Mark Patterson, Chairman of one of the world’s largest distressed investment firms, MatlinPatterson Global Advisors, shares his candid analysis of the economic crisis gripping the world. Patterson talks about the challenges of successful investing in today’s distressed opportunity, why sovereign debt levels should “frighten the daylights out of you,” the “truly laughable” European response to bank weakness, why former US Treasury Secretary Hank Paulson was “dead right,” how due diligence differs between trading and control distressed strategies, how to profit even in declining industries, the pitfalls of government intervention and what he’s learned from his own failed deals.