“Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt.”

Alex Berenson is an American journalist and author. He is known for his investigative work on technology, particularly the risks and ethical dilemmas surrounding artificial intelligence and social media platforms. His writing often explores the intersection of innovation and societal impact.