SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (27437)7/24/2007 2:52:03 PM
From: Madharry  Respond to of 78748
 
its worthless because of the leverage, not because the assets became worthless but because they declined sufficiently so that the equity became worthless. This is exactly the danger of leverage which does lead to gamblers ruin unfortunately for the wealthy holders of these funds who are now less wealthy. I will look for your article.