Pretty good summary of a real estate developer mentality: Heads I pay off my loan and get a return on my equity, tails the bank is gonna be stuck with the mortgage.
This is on paper one of the most "financially literate" cabinets ever (Bessent, Feinberg, Lutnick, Wright, Burgum, McMahon, etc.) but in practice most of the policies are degen gambling.
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Pretty good summary of a real estate developer mentality: Heads I pay off my loan and get a return on my equity, tails the bank is gonna be stuck with the mortgage.
This is on paper one of the most "financially literate" cabinets ever (Bessent, Feinberg, Lutnick, Wright, Burgum, McMahon, etc.) but in practice most of the policies are degen gambling.