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To: Giordano Bruno who wrote (343185)9/11/2007 9:41:23 AM
From: stan_hughes  Respond to of 436258
 
"If First Data comes to market, for example, at 95 cents on the dollar, but the banks are willing to lend hedge funds $3 or $4 for every dollar of the hedge funds' own money, the funds can make solid double-digit returns"

So, lever it up another 3 or 4 times in order to bait enough risk-loving hedge funds into taking a piece. IOW, go right back to the "leverage on leverage" mentality that created this house of cards in the first place. Greed apparently knows no bounds.

The lunatics have taken over the asylum