Tariffs trip up the all-American RV industry

wa8yxm wrote:
Gdetrailer said "In reality those "Millionaires" HAD to have SOMETHING to "borrow against" called COLLATERAL in order to get LOW INTEREST LOANS OR LINES OF CREDIT."

Sorry not always true.. I know of several and one in particular (I will not name) Who lied and have "inflated" their holdings on paper so as to obtain loans when in fact they were already over extended. So not. if you are good at creative bookeeping you may well get the loan anyway.

On the other hand I know of one who did NOT get the loan... Well things happened (He almost got in a fight) and well. got distracted from the fight and got busy

A fairly short time later he returned to the bank and looked up the loan officer who had turned him down.

MAn: Do you remember me
Bank employee; NO should I
M: you turned me down for a loan on Date
B: I'm not in loans any more
M: I know. in fact you are not in banking any more you are fired
B: you can't do that only the new owner can do that.
M: Yes. I know.. Want to see the sales agreement or the Title to the bank. I just bought it

And yes he made millions and his company is still in business today

I promised no names.

The plan gets even riskier. This sounds like a good way to end up in prison. Not something I would do.