Posted on 04/11/2016 3:55:24 PM PDT by Starman417
Despite what you may have heard or read, Donald Trump has never filed for bankruptcy. His companies have, four times, but Donald Trump never has. The purpose of corporations is for investors to put a limited amount of capital at risk in exchange for the opportunity to earn money in any one of a myriad of legal ways. Investor use the corporate structure to ensure that if their bets go south, the most they can lose is the capital they invested in the first place.
Corporate bankruptcy laws can give a company an opportunity to restructure its business in a more favorable environment than it would have if it simply continued on whatever path that got it in trouble in the first place… it can give them breathing room. At the same time bankruptcy laws give creditors a legal framework through which they can exercise claims on said company’s assets. At the end of the day, corporate law, particularly as it relates to companies with millions or billions of dollars, can be complex, esoteric, bewildering, yet nonetheless be an effective tool.
It was by understanding the nuances of bankruptcy law that Donald Trump was able to navigate his way through treacherous waters for decades and seemingly emerge each time with a larger fortune than he had when he started. He used the threats of potential bankruptcy (or imminent domain action) to further his interests. He also mastered labor law, tax law and learned to orchestrate the media like a maestro. After all is said and done, the result is that four decades after a $1 million loan from his father – and $10s of millions of dollars in tax benefits from friendly politicians – Donald Trump sits on a fortune that is worth $10 billion – by his own account. That’s the equivalent of taking a $100 loan and growing it into $1,000,000. Not bad. One has to be pretty smart to accomplish something like that, because, whatever you think of the tactics, his fortune is the result of four decades of hard work, not betting it all on some lottery or dropping it into some Atlantic City slot machine.
So it is that backdrop that makes Trump’s current pleas ring so hollow. This morning he was on Fox News complaining that the Colorado delegate selection process was unfair. Had the rules been changed in March and he had no time to react, that might have been a logical argument. But the rules weren’t changed in March. They were changed in August. So it appears that with his $10 billion fortune and eight months to work with, Donald Trump was not able to field a team in Colorado who could have worked within the known system to garner delegates for him. Somehow he could figure out how to play the game in Michigan where he and John Kasich shut Ted Cruz out, but he couldn’t figure out how to do so in Colorado. So somehow there must be some cheating going on. Trump and his team waste no opportunity to suggest that Ted Cruz is somehow using “Gestapo tactics” by understanding the rules and using them to his advantage.
(Excerpt) Read more at floppingaces.net ...
If Trump doesn’t win the nomination, I guarantee you he’ll act like some low-class tenant who gets evicted and trashes the place on his way out.
There are a lot of people in Colorado that are really mad and they aren’t all Donald Trump.
Good, I will be right along with him.
I sure as hell won’t vote for Cruz and his GOPe CoC amnesty pimp budddies.
I will laugh when they lose.
Of course you will. Now start stomping and pouting all the way to your room.
If Hillary wins, Ted can spend more time with his mistresses.
Yes, but he will act the same way if he wins the nomination too.
States have been selecting their own ways to pick delegates for more than two centuries. Trump is the first to whine about it. Unfortunately, he whines very loudly.
If Trump got elected and announced amnesty, no wall, no deportations, will you cheer?
To participate, you had to (a) be a registered Republican for 30+ days and (b) show up.
I know, that’s a horrible bar to overcome!
Oh yeah, you had to be from the voting precinct where you went to caucus.
Oh, the shenanigans. Disenfranchising the “leaners” and New Yorkers.
The reason Trump lost Colorado is that he’s incompetent. Trump did not get his team organized in Colorado. And this is the same kind of screw up we can expect to see on a regular basis if Trump is elected President.
“I guarantee you he’ll act like some low-class tenant who gets evicted and trashes the place on his way out.”
He won’t have to, I will. /middle finger
>States have been selecting their own ways to pick delegates for more than two centuries. Trump is the first to whine about it. Unfortunately, he whines very loudly.
Before Trump we didn’t even know such a corrupt and dishonest system exist because the parties worked hard to hide the truth from us.
If the Donald really wanted to win he get off twitter, quit behaving like a rock star and start acting Presidential. He doesn't have it in him.
He'd rather lie about Sen. Cruz “stealing” things from him, when it is he that didn't want to be bothered with the work it takes to win.
By the way, since the Donald has only won 37% of the vote yet has 45% of the delegates, I think he should give the overage back since he would be disenranching those voters.
He may not have filed personal bankruptcy but his companies have filed. And it was his poor management that caused those companies to go under.
“By the way, since the Donald has only won 37% of the vote yet has 45% of the delegates, I think he should give the overage back since he would be disenranching those voters.”
but but but. It’s fair when it benefits the Crybaby in Chief.
Hey does anyone know the number of votes Cruz, Kasich and Trump each got in Colorado??
I’d like to compare to other states, some people are calling me names and insulting me for asking. It seems like a simple question.
Oh, so, you're okay with the Republican party in Colorado changing the rules in August to favor one candidate over another?
You're blatant hypocrite. If Cruz were being screwed by this, you'd be whining about the Republican establishment.
Cruz and his supporters are pathetic.
Trump tends to far better than Cruz in most states where voters get to vote. That will be the case in New York and Pennsylvania, where Trump has a huge lead and Cruz in 3rd place.
Don't worry, though, only 17 delegates in PA goes to the winner so Ted and his establishment buddies can try to buy off the other 58.
Imagine if every State was decided like Colorado, think of all the spare time we’d have not hindered by wasteful things like voting. We should let our betters decide, they know better.
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