‘High Beta Rich’ still borrowing big and blowing up

Robert Frank’s great book “The High Beta Rich” is required reading in understanding today’s economic challenges.  While first published in 2011, everything is pretty much exactly the same today.  All aided and abetted by investment banks tossing around tax-payer-sponsored central bank ‘liquidity’ of course…

See Why Goldman Sachs seized a client’s 217-foot Yacht for a glimpse at the madness.

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