Leveraged
Monday, August 31st, 2009I tried to sign up for more bankruptcy credits. Unfortunately, the school ran out of credits to offer, but one week in and I’ve already realized studying bankruptcy means more than studying the Bankruptcy Code. Much more.
It’s no less than the study of leverage.
To study leverage is much more than to study the work of passionless pinstriped suited pencil pushers. To study leverage is to study a rough and tumble world where “self-help” consists of reality shows and the world where collateral gets sunk by English submarines from time to time.
It’s an ancient study. It’s a study of humans’ trust, of violations of that trust, and the delicate balance we’ve spent thousands of years tweaking… the balance of power between debtor and creditor.
This is going to be fun.
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