depression soon, page-105

ok, issue is leverage money used to finance high yield mortages to people who could not pay for the loans.
high risk, these guys would have provisions on there books. also wall st have already told bears that this your problem not one at arms lenght solve it.
Big companies as well as small companies and individuals go bankrupt in the states all the time. Its a cultural thing. As long as the companies are low in debt and awash in cash, there is no financial collaspe coming.