Comment by auggierose
Comment by auggierose 4 days ago
I think what is hard to understand for people is how you can go bankrupt six times and still have loads of assets and money. How does that work?
Comment by auggierose 4 days ago
I think what is hard to understand for people is how you can go bankrupt six times and still have loads of assets and money. How does that work?
Back in the 80's and 90's he was pretty well known for noting that if you owe a bank enough money, it is in the bank's interest not to let you fail.
My guess is that it also helps to owe lots of money to lots of banks at the same time. That way when one goes after you, the others will help you out or risk losing their money, too.