Related by context. Frequent words. (Click for all words.) 41 securitization 41 highly leveraged 40 illiquid 40 liquidity 38 issuers 37 securitized 37 counterparty 35 dollar denominated 34 Liquidity 34 securities 33 refinancing 33 subordinated debt 33 CMBS 33 counterparties 33 balance sheet 33 backed securities 33 arbitrage 32 sovereign debt 32 borrowings 32 equity 32 creditworthiness 31 structured finance 30 SIVs 30 cash flows 30 CDOs 30 financial 29 debt 29 hedge funds 29 Lehman Brothers 29 REITs 29 subprime 29 unsecured debt 28 cashflow 28 assets 28 valuations 28 financing 28 volatility 28 private equity 28 investment 27 recapitalization 27 collateralized debt obligations 27 downgrades 27 refinance 27 LBO 27 investments 27 leveraged 27 cash flow 27 deflationary 27 Hedge funds 27 debt maturities 26 indebtedness 26 restructurings 26 riskier 26 sub prime 26 credit default swaps 26 loans 26 financials 26 refinanced 25 heavily indebted 25 insolvent 25 recapitalize 25 deleveraging 25 outperformance 25 lenders 24 Bear Stearns 24 moral hazard 24 subprime mortgage 24 overvalued 24 leveraged buyout 24 writedowns 23 unwinding 23 cyclical 23 stockmarket 23 borrowing 23 investors 23 liquidation 23 shorting 23 hedge fund 23 balance sheets 22 write downs 22 overcapacity 21 subprime mortgages 21 subprime loans 21 mortgages 20 defaults 20 subprime mortgage crisis 20 risky 20 risk averse 20 subprime lending 18 credit crunch 18 debts 17 acquisitive 17 speculative 17 recessionary 15 downturns 15 bankruptcies 14 bankruptcy filing 14 bankruptcy 14 downturn 12 loan defaults 11 overextended