Tuesday, January 19, 2010

Leverage Is Back....

When In Rome....

http://www.bloomberg.com/apps/news?pid=20601087&sid=aKYEXm.iUDcw&pos=5

...Do what the Romans do.

When competition heats up, the quality of collateral and general lending standards fall apart. Sound Familiar?

Goodness. Its like the crisis never happened.

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