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He has a good accountant. His money is probably under a business account, not his personal account. He's been trying to sell the house, can't, so now he's going to let it foreclose, meanwhile he probably has more money than we'll ever dream of in accounts all over the place. The dude isn't starving, he's found out the American way of getting rid of a house you can't sell and don't want to make the payments on.
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