Comments by "😊 Erin Thor" (@Erin-Thor) on "'Epic downfall': Giuliani bankruptcy reveals depths of financial ruin" video.
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@duMaurier15 — Rudy has money, but it’s shielded, like speaker Mike Johnson. Family trusts, family corporations, all which are designed shield people from lawsuits and taxes. The reason Johnson has no checking account, no savings, no homes, etc. is because “He” owns nothing, his car, house, everything is rented from the family trusts and corporations. It’s not necessarily shady, it’s just smart. 😡 I did some work for a seemingly wealthy man, who accidentally crashed his SUV into a house. No one was hurt but the house was severely damaged, I saw it and it was bad. But my client shrugged it off saying “doesn’t matter, their house and my car insurance will pay for it.” I asked ‘car insurance usually caps at about $50k property damage, they will sue you.’ He laughed, “So? I own nothing, I rent my house, lease my car, I have zero assets for them to take. It doesn’t matter what they do.”
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