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Chirp, Chirp

Started by diesel, September 13, 2017, 09:16:17 AM

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Just_A_Fan

Quote from: diesel on September 21, 2017, 11:42:20 AM
Does it matter? He (or his businesses) failed more than once......but since you asked, I found this:

Trump's companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity.

Trump's Taj Mahal opened in April 1990 in Atlantic City, but six months later, "defaulted on interest payments to bondholders as his finances went into a tailspin," The Washington Post's Robert O'Harrow found. In July 1991, Trump's Taj Mahal filed for bankruptcy. He could not keep up with debts on two other Atlantic City casinos, and those two properties declared bankruptcy in 1992. A fourth property, the Plaza Hotel in New York, declared bankruptcy in 1992 after amassing debt.

PolitiFact uncovered two more bankruptcies filed after 1992, totaling six. Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004, after accruing about $1.8 billion in debt. Trump Entertainment Resorts also declared bankruptcy in 2009, after being hit hard during the 2008 recession.

Why the discrepancy? Perhaps this will give us an idea: Trump told Washington Post reporters that he counted the first three bankruptcies as just one.

https://www.washingtonpost.com/politics/2016/live-updates/general-election/real-time-fact-checking-and-analysis-of-the-first-presidential-debate/fact-check-has-trump-declared-bankruptcy-four-or-six-times/?utm_term=.eebff278bb52

Bankruptcy happens all the time, it's part of the business world. Trump knows how to use the laws and system, sometimes he wins and sometime he loses. Your boy Obama bailed out GM and screwed over all the creditors by bypassing the bankruptcy court's normal processes, didn't hear you condemning him for that.  You seem to have very selective outrage. 

diesel

Quote from: Just_A_Fan on September 21, 2017, 12:15:23 PM
Bankruptcy happens all the time, it's part of the business world. Trump knows how to use the laws and system, sometimes he wins and sometime he loses. Your boy Obama bailed out GM and screwed over all the creditors by bypassing the bankruptcy court's normal processes, didn't hear you condemning him for that.  You seem to have very selective outrage.

I'm not outraged at all. Simply pointing out that putting him on a pedestal because he's got $$.....

bksflddan

Quote from: diesel on September 21, 2017, 03:10:18 PM
I'm not outraged at all. Simply pointing out that putting him on a pedestal because he's got $$.....

How many casinos are not bankrupt in Jersey City?

How many in Lemoore went bankrupt?

How many are bankrupt in Las Vegas?

How many corporations are leaving California because of confiscatory taxes?
"The crux of leadership is seeing what needs to be done and doing it before anyone else"

Run fast! Stay Low!

Just_A_Fan

Quote from: diesel on September 21, 2017, 03:10:18 PM
I'm not outraged at all. Simply pointing out that putting him on a pedestal because he's got $$.....

Don't think anyone is putting him on a pedestal, we are simply pointing out that he's fighting the insanity of DC, which there is a lot of.....I'm thoroughly convinced our intelligence agencies have become corrupt, the bureaucracy is completely out of control, Congress needs one-term term limits placed on it, federal judges, outside the Supreme Court, need limits on their terms, and the every law Congress passes should apply first to Congressional members before it applies to anyone else......that cesspool is completely out of control.   

Just_A_Fan