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by PeterStuer
2379 days ago
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More apt illustration: Your friend is a reckless speculator. He lends $10 with you as an underwriter and your wife says it's fine, but I'm going to check every evening he has at least $1 so we at least know he hasn't lost it all. So every night just before your wife goes to check, you run ahead and lend him quickly the difference between what he still has and the $1 he needs. Your wife checks, he shows her the $1 in his wallet, she leaves and he pays you back the loan you made him a minute before. |
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