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Le le le leverage

Analysis and discussion with Brad Hintz ,Analyst of Sanford C Bernstein talking about financials. He talks about leverage levels at Goldman Sachs and Morgan Stanley running around 13 times versus the 30-40 times levered pre commercial bank mutation…. Mr. Hintz previously served as the CFO of Lehman Brothers so I’m always very interested in his anlaysis of the broker dealers… he says that the nexus of power and decision making for the dealers has shifted to Washinton… uh huh… leverage constraints will determine the fixed income landscape….

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