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[Andrew Harrer/Bloomberg via Getty Images]

[Cavorting at a Bloomberg cocktail party before the White House Correspondents' Dinner]

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Jimmy Lee: Credit Markets are "Wide Open"

Jimmy Lee, JPMorgan’s legendary dealmaker, just finished up CNBC’s new show, Strategy Session. Not only did he say the credit markets “are wide open,” but up to $10 billion in debt is now available for an LBO, provided it sits on top of about $5 billion in equity and is, of course, the right kind of company.