3min chapter

The Compound and Friends cover image

Worse Than Enron

The Compound and Friends

CHAPTER

Leverage Isn't $5 Billion, That's $13 Billion. That Is Leverages

The letter speaks of a symbolic attempt to save Sam Bakker for his empire. The only thing I could think of is this is setting up an insanity defense because he's saying like F the regulators and I didn't believe in altruism at all. He needed 25 tweets to say all this stuff about, oh, I'm bad at math, blah,. blah, blah. You took the money. So you took the money, you use some of it. You were giving people houses. It looks like he's on drugs. Greg, what drugs do you think you're using?

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