leverage
Will Wall Street Learn From Lehman Brothers Bankruptcy?
Read the full article: http://jeflin.net/2008/09/16/will-wall-street-learn-from-le...
After the US government put out a forest fire with the takeover of Freddie Mac and Fannie Mae last week, Wall Street’s troubles were far from over. As they say, when you see a rat in the house, you can bet there are hundred more rats lurking in the dark corners. Slowly but surely, they are being flushed out now.
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Total Leveraged Loss On Subprime Mortgages - $2 Trillion
Read the full article: http://www.money-rx.com/blog/2008/02/leveraged-losses-lesson...
A new joint Wall Street-Academic report titled 'Leveraged Losses Lessons from the Mortgage Market Meltdown' lays out the complete devastation of the subprime mortgage crisis ($400 billion), and it's ripple affect on the financial sector ($2 trillion) and on the economy (GDP loss of 1 to 1.5 perecent).
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