The value of what you own is reduced by the value of what you owe resulting in your net worth. You can own $40 billion in assets but if your liabilities are $40 billion your ... moreThe value of what you own is reduced by the value of what you owe resulting in your net worth. You can own $40 billion in assets but if your liabilities are $40 billion your net worth is zero. Does anyone KNOw what Donald John owes and to whom?
The only bank that would loan deadbeat don money was Deutsche bank ALLEGEDLY. His loan repaying track record preceded him and kept reputable banks away. Deutsche Bank is in trouble... moreThe only bank that would loan deadbeat don money was Deutsche bank ALLEGEDLY. His loan repaying track record preceded him and kept reputable banks away. Deutsche Bank is in trouble for its money-laundering entanglements as well. You are know by the company you keep. Right?
