[lbo-talk] Living beyond one's means

[John Thornton]

In the last few hours I've read more sympathetic coverage for 
Rene-Thierry Magon de la Villehuchet than I've read for the tens of 
thousands of defaulting home owners "trying to live beyond their means".
//Villehuchet's investment was apparently leveraged 150%.
I've yet to read anyone excoriating Villehuchet for trying to live 
beyond his means, rather he's respected and honored for his humanity, 
kindness and generosity.
That bit of moral failing is apparently reserved for the working class.

John Thornton