The sky is blue!
And in the realm of other blindingly obvious statements:
May 5 (Bloomberg) -- James “Jimmy” Cayne, the former chief executive officer of Bear Stearns Cos., said he believes leverage at the company was too high.
“In retrospect, in hindsight, I would say leverage was too high,” Cayne said today in testimony before a panel mandated by Congress to investigate the causes of the financial crisis.
In other news:
Water is wet.