• 0 Posts
  • 8 Comments
Joined 1 year ago
cake
Cake day: June 21st, 2023

help-circle

  • He can’t get a bond against his properties because he’s over leveraged up the wazzooo on all of them.

    That’s his whole financial shtick, he gets loans against his properties until they come calling for him to repay, then gets more loans somewhere else to pay of the old loans.

    That worked for him for the longest time until western banks got wise of this (either because he stiffed them or because he’s still paying of his loans with them) and the only places he could lend from to repay the Western banks are questionable money sources.

    So now he’s in debt with everyone from legit banks to dark money sources and can’t get anyone anywhere to lend him any more, especially not half a billion.

    We can only hope a bunch of them start defaulting him on his loans and confiscating his properties, so that that whole house of cards starts crumbling down.







  • Watching Married with Children and realizing this dude is working as a store clerk and supporting a family of 5 on that single wage without actually living paycheck to paycheck and then realizing this isn’t a fictional representation of the timeperiod, is really goddamn depresssing.

    In less than 40 years the inequality of wealth distribution and the cost of living has changed so drastically that then they could live on one paycheck and now you only get by with a minimum of two.