Debt Rattle, March 17 2008

Bear Stearns building, Manhattan, valued at 5 times the price of its owner Ilargi: If Meredith Whitney is right, and finance stocks will lose 50% more, and James Turk is also right, that Citigroup is leveraged 41.6 times, then there's only one possible conclusion: this whole thing has only one way to go from here. That "level of leverage" means that the big banks and funds simply can't afford to