. .
.
the irony in this
is that trump doesn't
own his own money. he has
mastered the art of leverage
.
just because jp morgan were
pigs about it doesn't
imply leverage is
intrinsically
bad. when you
buy a house, car
or higher education
unless plopping cash down
you are taking advantage of leverage
.
all depends
how you
spend
.
and while you're wondering, did obama
just leverage the next 5 generations
of taxpayers to bail out deutsche
trump's on ms slovenia facing
f2c glazing of his gilded
eponymous penhouse
.
. .
.
for the
first time in
history, banks
would be able to
make loans without
carrying all or perhaps
even any, of the risk in-
volved themselves. that
would, in turn, free up
banks to make more
loans, as they
wouldn't
need
to
take
losses if
those loans
defaulted
gillian tett / "fool's gold" 2009



highly carved
because i like that
trump / nyt 8.2.07 "for the home
and closet and liqour cabinet
all things trump"