I worked on Wall Street for years, a long time ago when leveraged buy-outs first really got going. So I really understand them. And I agree with you. "Leverag

I worked on Wall Street for years, a long time ago when leveraged buy-outs first really got going. So I really understand them. And I agree with you. "Leverage" means multiplying both risk and reward. Given a system where losses are socialized, and wins are privatized, it makes complete sense to do LBOs as much as possible - the people with money win, and everyone else loses.