The Stunning Magic Of "New Normal" Hedge Fund Leverage | Zero Hedge: "But who would be on the hook should things turn south, and the massive leverage blows up in the face of Balyasny and its LPs? Not Balyasny of course, but the Prime Brokers who provided the fund with 5x leverage. Prime Brokers who just happen to be the same TBTF banks that were bailed out last time around, and which will have to be bailed out once again as soon as the Bernanke levitation finally ends."
Leveraging $5 for every $1 under management, this could be the biggest meltdown yet if the market cracks
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