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Deleveraging Continues

As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over.

-Minyan Jim

Economic Snapshot: Why the Big Three CEOs Failed to Secure a Bailout

Minyanville Staff Nov 20, 2008 2:30 pm


	Our unscientific poll.

Why did the Big 3 CEOs -- Rick Wagoner of General Motors (GM), Alan Mulally of Ford (F) and Robert Nardelli of Chrysler -- fail to secure a bailout on Capitol Hill yesterday? Good question. We could tell you ourselves, but we’d rather let the reaction to their testimony by incredulous legislators paint the picture.

Tags: F, BIG, BIG, PRIVATE, BARNEY, FRANK, FORD, CHRYSLER, JETS, AUTOMAKERS, HILL, HILL


16 COMMENTS ON THIS ARTICLE

James Ryan

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11-20-2008, 2:42 pm
The pork industry calling out the auto industry. Classic, really classic. Who pays for the inaugural ball? Read More

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