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The article says that leveraged corporate loans make up about $1.2T. Wikipedia says the subprime mortgage market was around $1.3T in March 2007. https://en.wik
by ddoolin 8y ago
The article says that leveraged corporate loans make up about $1.2T. Wikipedia says the subprime mortgage market was around $1.3T in March 2007.
https://en.wikipedia.org/wiki/Subprime_mortgage_crisis#Subprime_mortgage_market https://en.wikipedia.org/wiki/Subprime_mortgage_crisis#Subpr...
- redwood 8y agoWow thanks. That certainly makes things more acute! I suppose businesses are structurally different from home buyers in a number of ways: for example when a business goes bankrupt (correct me if I'm wrong) creditors are paid out to the extent they can be. Whereas when a home owner goes bankrupt I believe they can get out of their obligations entirely.