From ChicagoBusiness.com: Sentinel Management Group Inc. imploded because of over-borrowing, unconventional accounting and a compensation structure that encouraged its head trader to make risky trades that backfired as credit markets tightened, Sentinelâs bankruptcy trustee said Monday. The statements by trustee Fred Grede were the first to lay out what happened at the Northbrook cash-management business in the days leading up to its Aug. 13 bankruptcy filing. Regulators have said they thought there was as much as $500 million in securities missing from Sentinelâs coffers. Not so, the trustee said......At its height, Sentinel had about $700 million in loans and had borrowed against $4 billion in securities, Mr. Grede said. âAll of this for a company that maybe, maybe had $3 million in capital,â he said. http://chicagobusiness.com/cgi-bin/news.pl?id=26469&bt=saphir&arc=n&searchType=all&seenIt=1 Hmmm....leverage...does it mean if you are in trouble => double ?!!