"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}
Hey, Pick me! Pick Me! <jumping up and down> I think I see the problem! Wish I could do that....er, then again, that would be stupid. No wonder they're dying.
are these the same people as : http://www.bloomberg.com/apps/news?pid=20601087&sid=aBLOGiuo.Zes&refer=home ? Same acronym, but he sounds a little smarter than 26 to 1 leverage.