May 13, 2008

S&P credit analyst: "There's leverage everywhere"

There's leverage everywhere -- whether at corporations or broker dealers or hedge funds or private-equity funds. It sort of feels like something's got to give.

~ Tanya Azarchs, senior credit analyst who follows U.S. banks and brokers at Standard & Poor's Corp., "As Funds Leverage Up, Fears of Reckoning Rise. Fed and SEC Question Wall Street on Policies;'A Mockery' of Margin," The Wall Street Journal, April 30, 2007, by Randall Smith and Susan Pulliam

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