new wrinkle

The origination sales in the third quarter are a new wrinkle for the company, allowing it to raise cash while keeping its own high-margin revenue streams.

This provides the record’s sole new wrinkle—a greater reliance on club-ready beats.

In the case of First Brands, the new wrinkle was the rise of private credit — lending by lightly-regulated creditors on opaque terms that bankruptcy lawyers are just now beginning to unravel.

“Every time we put a new wrinkle in what we’re doing for Taiwan, they have to change their planning as well,” he said.

Missouri Republicans are making a similar argument now—with a new wrinkle.