I love his quote about common sense......
He scares me as plenty of people buy into his schtick.....
Here's a guy who regularly uses bankruptcy (and other people's money) as a business plan.
At least our current president inherited most of his issues
What's wrong with using bankruptcy and other people's money? Do you think he has some sort of moral obligation to the banks to pay them back in ways beyond what the loan contract dictates? If they don't ask for a personal guarantee, its their loss.
Its no different than someone who buys a home in a non-recourse state and is upside down in their mortgage. I don't begrudge them at all to walk away, its just a contract, and its the stupid state's fault for allowing non-recourse mortgages in the first place, and the stupid bank's fault for not requiring recourse loans even where non-recourse loans are allowed. Their loss (and unfortunately in this case, due to "too big to fail", the public's loss as well)