Posted on 01/29/2016 10:53:18 AM PST by Kaslin
Had I not allowed banks to manipulate us into those personal guarantees, those entities could have survived through Chapter 11 restructuring.
Someone who makes a statement like this in a public venue has zero credibility. Nobody manipulated you, dude. You signed the papers yourself, so you are responsible for your actions.
I don’t know how much of this stems from America’s latent hatred of business. Hollywood never portrayed a businessman as anything but the villain and maybe the impression stuck.
Or it could be socialism’s fear and loathing of capitalism. At any rate, it’s as ingrained as TV commercials that show the husband as a boob with a smarter wife. We come to resemble how we are portrayed.
And yet, there’s hope. To this day, Michael Douglas gets a majority of fans thinking Gordon Gekko’s “greed is good” was a breath of fresh air. It irritates him.
Logical and coherent. Thanks.
What’s that sound?
Sound like people jumping.
GOPe jumping.
Jumping in the band wagon.
That list is extensive!
Why? Yeb!'s number's are growing. The slugfest between Cruz and Trump is opening the door wider and wider for him to gain traction and use those blocking candidates to get a foothold. Yeb!'s now within the margin of error for second place in New Hampshire, where he should be dead.
GOPe's plan is working out great - get the eggs into one basket and smash it. They'll hand the keys to the White House to Hillary rather than risk having their apple cart overturned.
I think there may be more of a fear of corporations as entities than there is of capitalism itself amongst many independents.
It's not hatred for business; it's hatred for dishonestly gaming the system to get rich by taking wealth from others, as opposed to building it. Look at David Packard by comparison. NOBODY criticizes him for how he went about building HP. Similarly, James J. Hill is lionized as a hero for the way he built Great Northern Railway, while Cornelius Vanderbilt is properly reviled as a crony capitalist. There are those who create and build and those who simply manipulate, grab, and accumulate.
So, look at Trump's record in business and what you'll see is a grandstanding crook who didn't make it as big as he claims. Hardly someone to emulate, much less elevate.
Dopey comment. He’s saying I should have negotiated better and gotten things non-recourse so those entities could have used Chapter 11. Because he gave a personal guarantee on 100% it wasn’t an option.
I don’t know what makes someone go independent other than disgust with both parties. Being unable to choose between the free market and over-regulation is a foreign mindset to me.
OMG this crap again. Business is business - it’s only immoral when you don’t do it right. Did you read the article? Did you like the Hawaii way or the still in business airline doing it the right way. If Trump was a crook with all the people like you out there and all the lefty Manhattan DA’s and US Atty’s he’d have been in jail a long time ago.
It’s crazy.
Jeb was down and out.
The Donald singlehandedly brought him back to life.
From what I understand, Trump himself didn’t go bankrupt, it was some of his developments that did. Liberal media never get their facts straight.
Are you planning to carry your hatred beyond the primaries and into the general election? What if Trump is the next president? Will you hate him then, too?
He should have just said that. Instead, he made it sound like the banks did something wrong in his case.
I think doing business of any kind can be fraught with unforseen pitfalls. the banks have (effectively) infinite pockets and (effectively) infinitely good memory and experience. OTOH, we humans all start from zero, which makes the human experience in contrast to the corporate experience a learning experience. I would imagine that coming up the speed of the banks from a standing start could be challenging for you, me, and anyone (including Trump). IIRC some founding fathers, including presidents (eg Jefferson) either died penniless, or came close to it. Yet few would dispute that they accomplished a lot for the good of most if not all.
In pioneer days, people would not infrequently go bankrupt, then they would simply start over (perhaps moving to another state and/or changing careers), and amass an even larger fortune. This could happen multiple times. Often the better persons would then honor their debts. It was a pioneer spirit. It was a part of existence in those days. For better or otherwise, Trump seems to have part of that pioneer spirit in him.
That is probably the most amusing statement I've read today.
Please, do expand on how it is apparently all Trump's fault? I'll just sit over here reading the latest issue of National Review.
A one-two Trump-Cruz was unbeatable.
Open convention now is possible.
My father had a bankruptcy. So did my main business partner, before we became partners.
When you are self-employed and the govt changes the rules in the middle of a 5-8 year project, yes, you might go bankrupt.
There are also different types of bankruptcy. Chapter 7 is when you lose it all, like my partner did.
Chapter 11 is a reorganization and partial forgiveness of debts. That’s what my father had to do.
Volker took my partner down, Reagan took my father down.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.