Denver TV and radio personality and businessman Tom Martino has filed for Chapter 7 personal bankruptcy protection, claiming assets of $1.37 million and liabilities of $78.6 million.
"There are so many people in this same boat," Martino said. "You've got millions of dollars in lost value and all of a sudden you can't refinance your loans and you are just upside down. I just don't know what I could have done."
What you could have done is not finance long term debt with short term loans. Moron. He is right though, everyone does it including Uncle Sam.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Well to clarify, he actually said "so many people in the same boat", not "everyone". And for those of us that say "I don't do it", doesn't matter, your Federal and some Local governments do it for you, and as tax payers, you are still responsible for it.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
I guess the real question is why in the world would someone with a supposed knowledge about this stuff (since he is the "investigative reporter for financial scams, etc") could do this? Maybe he thought he could "get over" and play the system and then got stuck like many flippers? I do not feel sorry for those that got caught with their pants down on investment properties that were only in it to win it.
Thanks CG! He is an legal extortion artist. I was a director on a company board that he tried to shake down. A simple crook. I wish this happened years ago. I also avoid doing biz with any of his "clients".
