The more an investment can be leveraged the more attractive it becomes, provided the cost of money remains the same. |
They pile more debt, and more risk of default, on businesses that the equity firms leveraged when they bought them in the first place. |
It was inevitable, because highly leveraged and overextended lenders and speculators lead to eventual ruin. |
I was acquiring businesses through leveraged buyouts and greenmail which with more forethought I would have left well alone. |
At the highly leveraged and exposed Wall Street firms, the cost of insurance is even cheaper. |
The global economy is in the process of becoming one leveraged speculating casino. |