Comments on: This may prove to have been a bad idea http://christopherfountain.wordpress.com/2009/11/07/this-may-prove-to-have-been-a-bad-idea/ Greenwich, Connecticut real estate, politics, etc. Wed, 15 Feb 2012 13:50:21 +0000 hourly 1 http://wordpress.com/ By: Anon http://christopherfountain.wordpress.com/2009/11/07/this-may-prove-to-have-been-a-bad-idea/#comment-24797 Sun, 08 Nov 2009 13:02:33 +0000 http://christopherfountain.com/?p=20565#comment-24797 It’s not as much about how you borrow the money, it is much more about how you spend the money.
While the article is of interest, the Israel Englander part seems irrelevant and sensationalist.

]]> By: Old School Grump http://christopherfountain.wordpress.com/2009/11/07/this-may-prove-to-have-been-a-bad-idea/#comment-24789 Sun, 08 Nov 2009 02:49:01 +0000 http://christopherfountain.com/?p=20565#comment-24789 From your WSJ article pick-up: “Israel Englander, who runs the Millennium Management LLC hedge-fund operation in New York, last year pledged a home in a wooded, estate-filled section of Greenwich, Conn., as part of the collateral for a revolving credit line of up to $100 million.”

I definitely do not know the particulars, but Izzie (spelling?) Englander has been building a variety of lines of successful trading businesses for at least thirty years, so I wouldn’t even remotely assume this is a distress situation.

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