Levaraging at over 32 for Bear sterns, along the same lines with Citibank
Margin trading is a killer, the gains great, once the positions turn against, the losses wipe out accounts, same thing with Sterns
Greed, we are all guilty
The Fed has no choice but to rescue the troubled firms, if the selling starts to meet the margin calls, debt obligations, most of wallstreet will sell the equities and so will the consumers= massive burnout of the markets
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