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The assets are offset by the liability (outstanding loan)

Posted on: March 19, 2019 at 13:00:13 CT

Spanky KU

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142096

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20.34 yrs

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M.O.B. Votes:

Dumb@ss!

Borrow $2 billion.... buy $2 billion of 'crap' = Net worth of $0

(Actually a negative net worth since the 'crap' would have devalued and the interest on the loan increased your debt)

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

You too can become a bilionaire - JG MU

- 3/19 12:50:01

This thread is a classic read(nm) - tman MU - 3/19 13:48:57

Ole JG knows how to double down on being an idiot(nm) - Ragnar Danneskjold MU

- 3/19 13:58:59

I know right. - JG MU

- 3/19 13:54:15

I guess Scientologists are really bad at finance(nm) - *M* KC - 3/19 13:22:30

dumber than dirt, doubled down. - Alferd Packer MU

- 3/19 13:50:50

No shortage of you - JG MU

- 3/19 13:56:02

A very misleading piece (nm) - pickle MU

- 3/19 13:15:47

MYGOD, you mean a bank loaned him money after other banks - hokie VT - 3/19 13:01:26

Loans don't show as an asset... they are liabilities that - Spanky KU - 3/19 12:51:47

Why waste your time---better to teach your dog french - mu7176grad MU - 3/19 13:01:37

Its a fact that a dog could learn more - JG MU

- 3/19 13:02:40

George, you are out of your league again....Just tuck tail - Spanky KU - 3/19 13:11:12

LOL the best part is the braintrust - JG MU

- 3/19 13:12:59

^^^^ In ways, precisely like Trump..and doesn't know it. - GA Tiger MU - 3/19 14:02:09

LOL no - JG MU

- 3/19 14:09:00

Well the dog is considerably more intelligent so you would - DHighlander KC - 3/19 13:02:34

JG acts like a poodle, so.... nm - hokie VT - 3/19 13:02:13

So if I bought crap with the billion bucks - JG MU

- 3/19 12:53:05

Here, take an unsecured billion dollar loan - MIZ45 MU - 3/19 13:46:53

they call it a balance sheet because both sides are balanced - FootballRefugee MU

- 3/19 13:44:55

whew boy this is going to spur some mullet lash outs - Ragnar Danneskjold MU

- 3/19 13:19:58

Can you guess the best part? - JG MU

- 3/19 13:55:42

That’s not how the loans work (nm) - pickle MU

- 3/19 13:16:40

I know. The way it works is you pay it back - JG MU

- 3/19 13:49:47

So, let me get this straight. - Alferd Packer MU

- 3/19 13:09:16

You couldn't get anything straight with a ruler(nm) - JG MU

- 3/19 13:13:27

. - mizzouSECedes STL - 3/19 13:04:39

It obviously makes too much sense - JG MU

- 3/19 13:09:05

Why would u buy crap? Just keep all the crap you post here - RHAYWORTH MU - 3/19 13:02:12

The assets are offset by the liability (outstanding loan) - Spanky KU - 3/19 13:00:13

Which he didn't pay back dumberererer Azz - JG MU

- 3/19 13:01:32

lol there it is ULTRAMULLETMEGALASHOUT(nm) - Ragnar Danneskjold MU

- 3/19 13:20:19

this can only mean... - FootballRefugee MU

- 3/19 14:01:50

Still a liability on the balance sheet - Spanky KU - 3/19 13:09:53

They could have but they obviously didn't - JG MU

- 3/19 13:11:44

It's as if you didn't even read the article you posted - Spanky KU - 3/19 13:17:48

Still a liability if not forgiven by debtor - mu7176grad MU - 3/19 13:06:11

They settled - JG MU

- 3/19 13:10:14

Chap 11 is the friend of the RE promoter for sure - mu7176grad MU - 3/19 13:23:32

There is no indication that debt was forgiven in any - Spanky KU - 3/19 13:31:16

How was it 'settled'? No bank would walk away from a - Spanky KU - 3/19 13:16:37

No bank would loan a cheat like Trump a billion - JG MU

- 3/19 13:57:27

So.. I guess you are wrong - Spanky KU - 3/19 14:18:02

LOL damn - JG MU

- 3/19 14:25:14

Yep. Damn you are dumb! - Spanky KU - 3/19 14:26:59