Sunday, November 11, 2007

Highly Leveraged Paragraph of the Day

There’s No Superhero in the Wings
But we still can’t tally the losses for which these engineering geniuses are responsible. “No one knows how big the challenges in the financial sector are,” Mr. Kasriel said. “What I do know is that we have never had a more highly leveraged economy than we have today. We have never had a more highly leveraged household sector and we have never had a more highly leveraged housing sector than we have today.”

2 comments:

  1. But we still can’t tally the losses for which these engineering geniuses are responsible.

    LOL I love that line.

    Kevin

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  2. When Genius Failed: The Rise and Fall of Long-Term Capital Management

    The next book in the series?

    When Geniuses Failed: The Rise and Fall of Long-Term Capital Mismanagement

    ReplyDelete