Poor Newt. No, really, I mean, poor Newt. Reuters is reporting that Newt’s network of intertwined consulting companies and associated book and DVD sales is mired in debt, alongside the $4.8 million in campaign debt. Consequently, Newt’s empire is facing bankruptcy in Atlanta bankruptcy court.
Reading the reporting, one can’t help but wonder how much advantage Newt and his various wives have taken of the American legal system in order to build out the empire. One also can’t help but wonder how much Newt will actually suffer as a result of his fast-and-loose wheeling and dealing.