Vulture fund ready to pounce.

Nice article from NYT about an investor who specializes in bankrupt debt. His track record, according to the article, is excellent. He is convinced that logic will prevail and we will start seeing a large number of bankruptcies within the next 12 months. Others in the article disagree, so it will be interesting to see.

www.nytimes.com/2005/08/19/business/19vulture.html