[lbo-talk] Living beyond one's means

Peter Ward nevadabob at hotmail.co.uk
Tue Dec 23 19:19:53 PST 2008


What is "one's means" exactly? The sum of what one can cadge?


> Date: Tue, 23 Dec 2008 15:36:48 -0600
> From: jthorn65 at sbcglobal.net
> To: lbo-talk at lbo-talk.org
> Subject: [lbo-talk] Living beyond one's means
>
> 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
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> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk

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