DIRECT PLACEMENTS (Discussion).

The article presents commentary and criticism on the report "Direct Placements," by George T. Conklin, Jr., included within the issue discussing the economic analysis of distribution methods of corporate bond issues. A summary of Conklin's primary thesis and conclusions is provided, outlining his quantification of savings allocations brought on by direct placement strategies. An evaluation of the data sets utilized by Conklin and others on the subject is also given. Final points are made regarding the relationship of small insurance companies to direct placement policies.