This best-selling personal finance author says he’s racked up more than $1 billion in debt
www.marketwatch.com
"Rich Dad, Poor Dad" author says he has more than $1 billion in debt — but he doesn’t think it’s a bad thing.
  • reddig33@lemmy.world
    9·
    6 months ago

    I wonder if he has assets the bank could seize? If they gave him loans without collateral, then they are idiots.

    • FuglyDuck@lemmy.worldEnglish
      91·
      6 months ago

      banks don’t offer a billion in loans without collateral.

      even with the NY trump fraud case… the core of the problem is that his collateral was over valued and inflated. there are definitely assets the bank will be seizing. they may or may not be way over inflated because this dude is a grifter, but details.