« Scenes from the Credit/Banking Crisis | Main | Morgan Stanley Started Down Bank Path a While Ago? »

Latest Stories

• Quote du Jour (2): Disgrace and Leverage
• Scenes from the Credit/Banking Crisis
• Quote of the Day: Goldman Sachs as Rogue Bank
• Cliff Asness on the Current Crisis
• Diversions: Olympics Retrospective Video

September 22, 2008

Quote du Jour (2): Disgrace and Leverage

What is truly disgraceful is that investment banks could only manage returns on equity of 15-25% with a balance sheet that was often leveraged to the sky.

         -- Niels Jensen and Jan Wilhelmsen, of Absolute Return Partners

[via John Mauldin]

Sphere It   |   Digg it   |   Bookmark it   |   Stumble it   |   Facebook it