66
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Oct 2023
66 points (86.7% liked)
Explain Like I'm Five
14093 readers
23 users here now
Simplifying Complexity, One Answer at a Time!
Rules
- Be respectful and inclusive.
- No harassment, hate speech, or trolling.
- Engage in constructive discussions.
- Share relevant content.
- Follow guidelines and moderators' instructions.
- Use appropriate language and tone.
- Report violations.
- Foster a continuous learning environment.
founded 1 year ago
MODERATORS
OMG 🤦 Thank you for explaining this. Now I get why he keeps saying that no banks were harmed. And now it makes sense why they believe he owes so much in taxes.
Okay, I'm tracking like a VCR
Now you just playin'
which is true only until the business he needed the borrowed money for goes sideways, he doesn't have the money to pay back and the bank finds that the collateral doesn't have the value he claimed when borrowing the money.
edit:, oh f..k, i am replying into a year old thread, well... 🤷
Hah 😂 no worries friend. So much of this bizarro-world shit show has happened in that time.