KKR: 26 to 1 leverage

Discussion in 'Wall St. News' started by newbunch, Aug 15, 2007.

  1. newbunch

    newbunch

    "KKR Financial owns about $5.8 billion of mortgage loans, mainly in the form of residential-mortgage-backed securities. The company said it finances about $5.3 billion of that portfolio through short-term borrowing and has an equity investment of about $200 million supporting those positions. That's leverage of more than 26 to 1."

    http://www.marketwatch.com/news/sto...x?guid={642D8A7E-787C-4EF0-8CB4-1E016EE760F8}
     
  2. gov

    gov

    Hey, Pick me! Pick Me! <jumping up and down> I think I see the problem! :D

    Wish I could do that....er, then again, that would be stupid. No wonder they're dying.