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Deleveraging = Selling Boardwalk and Park Place?

Posted on June 18, 2008

Remember playing Monopoly as a kid? Many of today's traders and investors got their first exposure to business, economics, trading and, yes, real estate from that wonderful Depression Era board game. Much of what I hear and read today reminds me of the days when I had some unlucky throws of the dice, landed on somebody else's fully developed properties, having to pay high rents, running out of money and needing to either buy or improve my properties ... just like today's banks, hedge funds and corporations deleveraging (finding new capital, selling off investments, deleveraging, reducing r...

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