On Sep 23, 2008, at 11:31 PM, Julio Huato wrote:
> By the way, to see additional reasons why it wouldn't be too bad if
> the financial firms struggled a little for a while, take a look at the
> charts used by Hyun Shin in his introduction of the panel discussion
> at Princeton today:
>
> http://econ.princeton.edu/news/Crisis%20on%20Wall%20Street.pdf
Not sure I get the point of this. They have a lot of assets? But they've got a lot of liabilities too, and their assets are severely compromised. The assets were juiced up by leverage? But they have to deleverage now. So what do these charts prove exactly?
Doug