Financial Stress Quotes
Samuel Langhorne Clemens, 1835-1910. He was instrumental in being one of the major writers who made the American public aware of the fact that the very wealthy sometimes systematically committed crimes involving money and in much larger crimes than the poor criminals.
Leveraged means that the company is not investing all its own money and has borrowed some or much in a highly leveraged situation. He, and most corporate executives, used to be very wary of corporations being highly leveraged. However towards the end of the 20th century the CEO’s—ironically especially in banks and financial companies who should have known better, tended to get away from this worry, and led their companies to very highly leveraged situations. When the Meltdown of 2008 hit, most were so highly leveraged that they became insolvent very quickly and the Great Recession followed.