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2min chapter
Carried interest wormhole
Planet Money
The Carried Interest Loophole
Francesca suspects that this carried interest arrangement had to be carefully labelled. This is a partnership, two merchants just trying to make it in this stinky, wrecky, risky business. And therefore, the amount of money that the resident merchants invested and the forms of rewards that both he and the travelling agent were entitled to were understood as a form of shared risk. In that way, the charge of usury was past.
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