Good find cow, the guy was playing a pretty unhealthy shell game and the economy got a hold of him as athletes started to scale back their spending.
I'm always amazed when I read about people who run up massive credit card bills immediately after getting them, bouncing checks, getting financing amounts at incredible levels and one day they're bankrupt.
I think one of the key things that has to really be reformed is the lending practices of banks, credit card companies and third party financiers. America and to a certain extent Canada's economy runs on credit to the individual to keep things moving, and we need to get this going again, but at some point no has to come into play. There's no way that a man with $50,000 in secured assets should be able to obtained $50,000,000 in unsecured debt.
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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