KKR: 26 to 1 leverage

[newbunch]

"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}

 

[gov]

Quote from newbunch:

"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.

 

[psytrade]

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.