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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

DepewTube: GM Looking to Stick Hand In Your Pocket?

Minyanville Staff Aug 29, 2008 4:00 pm


	Markets, movers and more.

Shocking news this morning as General Motors (GM) Vice Chairman Robert Lutz is asking Congress for $50 billion in government-backed loans for automakers, saying the industry "deserves" it. Minyanville Executive Editor Kevin Depew says deserve ain't got nothin' to do with it, especially when we're talking about a company that hasn't made an annual profit since 2004.

Tags: CONGRESS, LUTZ


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