Adam Cohen, founder of Covenant Review, joins Grant's for an insightful overview of our loosey-goosey credit market.

1:20 "Read the footnotes," then and now

8:41 Where is the danger for lenders?

13:54 Potential consequences of widespread cov-lite

Subscribe to the Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music.  Grant's Interest Rate Observer is available at www.grantspub.com