@Northmantrader Yep! Things are over-leveraged mainly because the banks can use their receivables as assets to loan more money! We need the SEC to stop recognizing these as assets, probably in 10% increments: ex: starting at 100%, 1 year later recognize 90%, next year 80% recognized as an asset, etc. The SEC also approved using the income over an entire lease as an asset as well, which is also a mistake in monetary policy.
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