…To get credit, get debt – tell me who’s the Mack –
when you’re pimped by a system that’s high on crack…
Rainman f/ Raman, Robby Balboa, Samsonite ♦ Make It
Takeaway 87: Is this an echo of subprime debacle in recent times or just a reality of leverage? You want to have leverage, you have to pick up debt and build off that ability to repay. It’s the proverbial absurdity: to make money, you have to leverage what you have for something you don’t on occasion. Just make sure you keep perspective on who has the leverage: bank, bond insurer, rating agency…you? The “Trumpism” is as follows: When you owe the bank a million it’s your problem. When you owe the bank a billion it’s the bank’s problem.