Leverage (finance) - Wikipedia, the free encyclopedia

Leverage (finance) - Wikipedia, the free encyclopedia: "Financial institutions were highly levered. Lehman Brothers, for example, in its last annual financial statements, showed accounting leverage of 30.7 times ($691 billion in assets divided by $22 billion in stockholders’ equity).[25] Bankruptcy examiner Anton Valukis determined that the true accounting leverage was higher, it had been understated due to dubious accounting treatments including “repo 105” (Allowed by Ernst & Young LLP).[26] Accounting leverage is the ratio usually cited by the press."