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To: odawg

The bank issue with Trump is a real and serious issue. While he is a multi-billionaire in assets, he is not hugely liquid. His transactions are very much dependent upon banks who because of his multiple bankruptcies and limited liquidity are very much in a position of leverage over him. Something to think about for those that point to Hillary or GOPe candidates and claim their allegiance to Wallstreet and big banks. Trumps liquidity position is also the likely cause of his campaign frugality.


43 posted on 02/19/2016 3:17:24 PM PST by Techjock
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To: Techjock

“...who because of his multiple bankruptcies...”

He has had FOUR bankruptcies out of hundreds of businesses.

Delta airlines was the largest in the world, and they had a bankruptcy. Far as I know, they are doing just fine.

Don’t bother posting me again; you have lost all credibility with that.


68 posted on 02/19/2016 3:34:28 PM PST by odawg
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To: Techjock
While he is a multi-billionaire in assets, he is not hugely liquid. His transactions are very much dependent upon banks who because of his multiple bankruptcies and limited liquidity are very much in a position of leverage over him.

You have read his financials and you know this? I highly doubt it, if for no other reason than your post does not reflect an understanding of the relatively small percentage of ownership in the one Atlantic City property that has had the four Chapter 11 business reorganizations (which have enabled the resort to stay open so the employees don't lose their jobs). Trump has sold most of his stake in that property, and the effect of the Chapter 11 reorganizations on this one business within a stable of scores of other businesses he owns or operates is proportionally rather small. I suggest you have a look around his business web site.

161 posted on 02/19/2016 9:45:08 PM PST by Albion Wilde (Who can actually defeat the Democrats in 2016? -- the most important thing about all candidates.)
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