Related by context. Frequent words. (Click for all words.) 64 highly leveraged 56 overextended 56 deleveraging 53 sub prime 52 housing bubble 51 illiquid 50 levered 50 subprime 49 overbuilding 49 housing bubble burst 48 balance sheets 48 moral hazard 47 leveraged 47 subprime lending 47 debt 47 overvalued 46 subprime mortgage 46 credit crunch 46 defaulting 46 creditworthy 46 mortgages 45 subprime loans 45 highly indebted 44 securitized 44 defaults 44 foreclosed 44 subprime mortgages 44 recapitalize 44 subprime mortgage crisis 44 insolvent 44 GSEs 44 securitization 43 overpriced 43 Lehman Brothers 43 irrational exuberance 43 unsustainable 43 depreciating 43 liquidity crunch 42 illiquid assets 42 liquidity 42 risk averse 42 balance sheet 42 CDOs 42 SIVs 42 mortgage 42 Lehman Bros. 42 illiquidity 42 leveraged buyouts 42 Bear Stearns 41 trillions 41 lenders 41 sovereign debt 41 distressed 41 refinance 41 loan defaults 41 subprime lenders 41 bubble burst 41 borrowing 41 mortgage defaults 41 deflationary 40 backed securities 40 hyperinflation 40 heavily indebted 40 bankrupt 40 bailing 40 refinanced 40 overstretched 40 unsound 40 refinancings 40 counterparty risk 40 valuations 39 defaulted 39 mortgaged 39 spendthrift 39 CMBS 39 uncompetitive 39 unwinding 39 debtors 39 NPLs 39 indebtedness 38 write downs 38 mortgage delinquencies 38 banks 38 Great Recession 38 encumbered 38 debts 38 profligate 38 dot com bubble 38 subprime borrowers 38 refinancing 38 AIG 38 indebted 38 jumbo loans 38 bankrupted 38 recapitalization 38 unsecured debt 38 foreclose 38 loans 38 bailouts 37 inefficient 37 borrowers