Posted on 09/06/2015 2:12:30 AM PDT by Cincinatus' Wife
".... Trump claims that successful businesses file for bankruptcy all the time. At the debate he said "virtually every person that you read about on the front page of the business sections, they've used the [bankruptcy] law."
But the facts don't back that comment up.
Despite high profile examples, including General Motors (GM), Lehman Brothers and most of the nation's major airlines, fewer than 20% of public companies with assets of $1 billion or more have filed for bankruptcy in the last 30 years, according to data from Bankruptcy.com and S&P Capital IQ.
Trump has never filed for personal bankruptcy. But he has filed four business bankruptcies, which Bankruptcy.com says makes Trump the top filer in recent decades. All of them were centered around casinos he used to own in Atlantic City. They were all Chapter 11 restructurings, which lets a company stay in business while shedding debt it owes to banks, employees and suppliers...."
Here's a look at Trump's bankruptcy track record.
(Excerpt) Read more at money.cnn.com ...
Mark Steyn Steyn on America August 17, 2015
fewer than 20% of public companies with assets of $1 billion or more have filed for bankruptcy in the last 30 years,... How many went out of business or declared bankruptcy before achieving the $1 Billion mark? How many of Trumps companies were worth $1B at the time of bankruptcy?
Perry, Walker... and the winner is...
Aw hell, they’re both losers!
Can’t wait to see the three percenter she’s assigned to in 2020.
we disagree but I think your post is funny
Maybe I’ll move to Kansas
You’re posting this to me, why?
Woofie, in our perfect world, do you think we would want Trump?
Do you honestly think he would be our first choice?
Sit up, take a look around you and tell me what you see?
You see a Republican Party that has prevented a Conservative from being our nominee since 1984.
You see a Senator that professes to care about a jailed clerk who didn’t lift one finger to submit legislation to protect her.
You see a guy claiming to be a Conservative who voted to cut the number of senators who would need to approve of Obama’s Iran deal by half.
You see a man that voted for support legislation for the TPP.
You see a man who doesn’t think tens of million of out of work US Citizens is enough, so why not triple H1-B Visas...
They’re all a bunch of frauds.
Which fraud do you think I should support?
I’m supporting the Trump fraud. You guys can support whichever fraud you want.
Washington corrupts. Trump has never withstood Washington corruption. Ted Cruz has.
Poor campaigner? After Jeb, Cruz has raised the most money.
I’ll keep my eyes open for a brand new fraud
Good luck with that.
I believe they are free choice, based on her reasoning and philosophy.
Says more about her thought process than anything else.
Ode to Bill Joe is CORRRRR-—ECT!
Where are my 10 bonus points???
Looks like a rollercoaster ride all the way to the bottom. If I were one of his supporters I would be reconsidering.
“Is the truth anti-Trump?”
No it’s not. If it’s true. That conversation with
Letterman sounded like a bunch of BS was being thrown around.
Really you have nothing to worry about, they will never let
Trump get the nomination no more than they would have ever
let Ron Paul have it. We’ll get a Bush or someone like him.
A RINO stealth liberal like John Cornyn. He’ll loose and
we will still be where we are right now, post coup.
Thank you Caddie.
You need to repost this often because it is spot on.
Bump!
With inside like that could you offer up some lottery winners too?
My god, what a fag.
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