Quote:
Originally Posted by aceventura3
I don't follow your logic.
I think if highly leveraged investment banks become insolvent they should go out of business. If they lied to investors about the amount of leverage they had, I consider that fraud.
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ace....if you cant accept that the massive over-leveraging was a direct result of the deregulation of commercial and investment banking in 2000, I guess you cant follow the logic.