Andre Leon Talley

The happiest moments of my childhood were spent on my grandmother's front porch in Durham, N.C., or at her sister's farmhouse in Orange County, where chickens paraded outside the kitchen's screen door and hams were cured in the smokehouse.

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.