|Born||1960/1961 (age 55â€“56)
|Residence||New York, New York, US|
New York Law School
|Occupation||Private equity investor, Hedge fund manager|
|Known for||Co-founder of Avenue Capital Group and co-owner of the Milwaukee Bucks|
|Net worth||US $ 1.9 billion
I don't think anybody's too big to fail. I think the – I think if what you've got is sort of a large number of institutions who are going to fail, then that ends up affecting the system.
Leverage is great when it works, and when it doesn't work, it creates a lot of issues. So I think if you limit the amount of leverage that people can borrow, or that banks can borrow, I think you'll find that you'll have a lot less issues going forward.