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Exact(14)
By the time it was rescued, LTCM's had piled roughly $50 of borrowing on to every dollar of equity.
At the end of 2007, the bankruptcy examiner concluded, Lehman's real leverage ratio was 17.8 — meaning it had $17.80 in assets for every dollar of equity.
For every private dollar invested, the taxpayer will provide a matching dollar of equity and up to $12 of other financing.
The typical publicly traded company in the developing world returns about 15 cents a year for every dollar of equity, he said.
The bank had a gross leverage ratio of 31.7 1 at the end of the first quarter, meaning it had borrowed $31.70 for each dollar of equity.
But even discounting those numbers, it appears that the fund had borrowed more than $50 for every dollar of equity capital.
Similar(46)
Banks were forced to raise hundreds of billions of dollars of equity.
His five-bedroom house, drained of hundreds of thousands of dollars of equity over the last 13 years, is scheduled for auction July 20.
They also worried that they would lose hundreds of thousands of dollars of equity; others said they would be forced to sell their homes if their compensation plummeted.
In recent years, nearly every homeowner on Beth Court took thousands of dollars of equity out of their homes as values skyrocketed; properties that cost $120,000 in 1997 were worth more than $350,000 at the height of the market.
Zell is best known as a realestate magnate, whose reputation has been enhanced by the sale, last February, for thirty-nine billiof dollars, of Equity Office Properties Trust, the largest collection of office buildings in the country.
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