Leverage Doesn’t Kill Investors, Bad Investments Do
April 06, 2009 at 22:05 PM EDT
Every one wants to blame the financial crisis on leverage. There was a glib comment on the blog the other day which reflects a common view: “Sad to see the “cure” for overleveraged, undercollateralized balance sheets to be… more leveraged finance.” No offense to Jonathan intended, as his view probably reflects the majority of opinions among those [...]