It was a collaterized loan on the equity in his stocks.
It was really just a loan to himself.
But don’t let facts get in the way of your mindless demagoguery, Jethro.
That was the Goldman loan—as I understand it the Citi loan was just a personal loan without any identified collateral.
Oh, and a collateralized loan is not just a loan to oneself, Ellie Mae.