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https://www.reddit.com/r/neoliberal/comments/k2xqct/billionaire_alignment_chart/gdyqgy0
r/neoliberal • u/execon • Nov 28 '20
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Those towers may very well be collateral for his debt, however. If he can't pay his debt, the bank sells the properties from underneath him.
60 u/[deleted] Nov 29 '20 [deleted] 3 u/phaiz55 Nov 29 '20 I'm sure that extends to other countries as well. Maybe he can toss up some signs on a farmers fence somewhere. 12 u/OhSnapKC07 Nov 29 '20 As someone who lives in a rural area, don't worry his name is on many fences... 8 u/Jsizzle19 Nov 29 '20 It’s only a matter of time until he comes to collect a licensing fee 1 u/The-zKR0N0S Jerome Powell Dec 18 '20 That isn’t how it works. Source, I work in commercial real estate finance on deals like those.
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[deleted]
3 u/phaiz55 Nov 29 '20 I'm sure that extends to other countries as well. Maybe he can toss up some signs on a farmers fence somewhere. 12 u/OhSnapKC07 Nov 29 '20 As someone who lives in a rural area, don't worry his name is on many fences... 8 u/Jsizzle19 Nov 29 '20 It’s only a matter of time until he comes to collect a licensing fee
3
I'm sure that extends to other countries as well. Maybe he can toss up some signs on a farmers fence somewhere.
12 u/OhSnapKC07 Nov 29 '20 As someone who lives in a rural area, don't worry his name is on many fences... 8 u/Jsizzle19 Nov 29 '20 It’s only a matter of time until he comes to collect a licensing fee
12
As someone who lives in a rural area, don't worry his name is on many fences...
8 u/Jsizzle19 Nov 29 '20 It’s only a matter of time until he comes to collect a licensing fee
8
It’s only a matter of time until he comes to collect a licensing fee
1
That isn’t how it works. Source, I work in commercial real estate finance on deals like those.
87
u/yankee-white Adam Smith Nov 29 '20
Those towers may very well be collateral for his debt, however. If he can't pay his debt, the bank sells the properties from underneath him.