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What do you mean by "leveraged" here? I understand it as a Wall Street euphemism for having debt.
by neilk 15y ago
What do you mean by "leveraged" here? I understand it as a Wall Street euphemism for having debt.
- gbhn 15y agoI think he means it the same way: "If everyone wants what you owe them at once, you're hosed." This goes for people buying stocks on margin as well as for the justice system, which in theory owes each defendant a jury trial, but in reality only has enough bandwidth for 10% of them.