Lend me a bomb
29 February 2008
Email
Share
Peloton was laid low partly by leverage that was too aggressive for its creditors. The LTCM debacle in 1998 had similar features. Hedge funds have so far avoided blowups on the scale of Wall Street s losses. But that could change if they fail to scale back borrowing.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.