Ray Madoff
speaker
553 appearances
2 recordings
2 series
first heard Apr 2026
last heard 22 May
Ray Madoff’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in May 2026 with 1.
Appearances
So this is an extremely well-secured loan.
And they borrow lots and lots of money to support their lifestyles.
And they borrow enough money to cover the interest payments, which are usually pretty modest because of the fact that their loans are so well secured.
So they're able to support their lifestyles and their borrowing by borrowing.
Now, some Americans might think, yeah, but surely they've got to pay that money back because the rest of us are used to loans where we're given maybe even 20 years for a house loan or 30 years.
But our other loans, they want them back in a set period of time.
The difference is for the very wealthy –
There are all sorts of people in the business of lending money.
And when you have these very well-secured loans, there's always people ready to just lend you money and to keep lending you money on that loan because they get paid for that service of lending money.
And so there's never a problem rolling over the loans or getting somebody else to give you a loan.
These loans don't really have to be paid back because of the big market of people that are in the business of lending money.
The only tweak I'd like to make to that otherwise perfect description is that we're not just talking about a handful of billionaires.
Somebody who has $100 million could still do this, right?
And so it's a much larger group.
I think we make a mistake when we describe this as a billionaire problem because the problem really is for anybody who has enough assets that they don't need to work to
They can depend on the growing value of their assets.
They, too, can avoid taxes.
And that's why our system is so problematic.
It's because it loses so many people.
And that's the real problem.
Showing 61–80 of 553 · page 4 of 28
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