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  • The Coming Crash of 2008: A Result of Overleveraging  [View article]
    How many facts can you get wrong in 600 words?
    Wirehouse margins were 10% not 5.
    Glass-Steagall was enacted in 1933.
    The Florida land boom peaked in 1925, by the time the Great Miami Hurricane hit in 1926 it was all over.
    You underestimate financial leverage. It runs 25-35 x for investment banks, up to 100 x for LTCM.
    Other than that...
    Mar 18 12:34 pm |Rating: 0 0
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