Williams Loan Terms Still Enrage Critics

A last-minute refinancing struck this summer kept Williams (WMB Quote) out of bankruptcy. But five weeks later, the storm of questions surrounding that deal has continued to build.

Sure, a $900 million loan from Lehman Brothers(LEH Quote) and Warren Buffett's Berkshire Hathaway(BRK.A Quote) kept the company's stock from completing what, until then, was a summerlong plunge to zero. In fact, Williams shares have more than tripled off their July lows, as investors reassess the company's still-sticky liquidity situation. ...