Everything's Going To Zero
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Henry Paulson,
Stock Market,
Mortgages,
Financial Portfolios,
Equity,
House Values,
Business News
When the value of the asset drops below the value of the debt used to buy it, poof -- the owner's equity just went to zero. So it's not just Wall Street that is rapidly developing a distaste for leverage.
Henry Blodget | Posted 11.16.2008 | Business