Why would he do that?

Cut, Cap and Balance, that is.

It's not in his best interest to tell the truth and come clean with the fact that someone's goose is going to get skewered. That'd piss them right the fuck off, and he can't have that, so it's all back to the lies and damned lies, and making ridiculous terms on new debt, kiting even more checks that will never be able to be cashed.

Fucking loser.