Under pressure from the banks, the government may take down the site.
Big pain and some relief for Saudi Arabia.
This can happen only during the very late stage of a bubble.
Leverage, the great accelerator on the way up and on the way down.
A crackdown on excessive debt. Financial engineering gets more expensive.
“Shadow margin” is a hot business for brokers. Now they lick their wounds.
In ten practically funny pictures.
$21 billion of debt. Off-balance-sheet entities. Moody’s wakes up, downgrades it four notches, with more to come.
This is where Hype Goes to Die.
But here’s how they’ll pull a bag over the public’s head about Uber’s “valuation” mirage for the IPO.