This guy has NEVER been wounded in combat, so that makes him a far better choice as a military leader:
Posted on 02/12/2016 9:07:05 AM PST by AndyJackson
In the world of real estate, Trump investment style has the the largest potential rewards however the biggest risk.
There are still companies out there damaged by the 08-09 crash.
prove it
Pretty soon they'll be blaming him for the sinking of the Titanic.
He also had a lot of other peoples money.
“A group of at least 20 disgruntled former Trump Tower Tampa buyers plans to sue Donald Trump, accusing the New York tycoon of falsifying his role in the $300-million project that went bankrupt last year. “
Do you have an understanding of the difference between Chapter 11 and Chapter 7?
It sounds like you don’t.
Or, have the government bail them out which is what really happened.
The bank never got penalized for making poor loan decisions, we the taxpayers did.
During the run up to the crash, Terry Schiavo could have gotten a million dollar loan without any documentation of income or employment.
This is why corporations exist, to shield individuals from the financial ups and downs inherent in business. Bankruptcy laws have been around for hundreds of years and were specifically authorized by the US Congress, under Title 11 USC.
A banker I once knew had a cartoon on his wall that showed a hayseed-chewing farmer sitting before his banker’s desk. The farmer is saying “Yup, I may be a dumb SOB..” and in the next block, “But I ain’t the dumb SOB who loaned me all that money!”.
Point being, every banker who got “stiffed” loaned money in the expectation of making a profit in terms of the interest he would earn. That is capitalism. For those who don’t like it, they have a choice: Bernie Sanders or Hillary.
One of the best known venture capitalists in the world is John Doerr of the firm Kleiner Perkins Caufield & Byers. About 90% of their deals end in liquidation. The 10% that pay off make people gazillionaires, and he is one of the richest men in the world.
corporate vs personal
11 reorganization vs 7 liquidation
this smear stuff is like saying shareholders of a bankrupt company filed for bankruptcy.
No worries Andy. MNJohnie is a known Trunp hater and is very vocal about it Let him rant.
Works for him Sucks if you are one of the 90%. But its ok to screw people if it makes you rich.
Cripes. If Cruz should win the nomination, I hope he has a better understanding of the business world than some of his supporters.
Babe Ruth: 1330 Strike Outs - 714 Home Runs (it happens to the best of them!)
Didn’t Romney’s group buy corporation and liquidate companies within it? Maybe I remember that incorrectly.
The politico article isn’t bad. But it misses the big picture. Trump uses bankruptcy as a negotiating tactic with the banks.
http://www.libertarianrepublican.net/2016/02/donald-trumps-big-atlantic-city.html
http://www.libertarianrepublican.net/2016/02/trump-chicago.html
This guy has NEVER been wounded in combat, so that makes him a far better choice as a military leader:
I wouldn’t play with answers unless you know the field of business. Only a fool would.
No kidding!
Trump thought TARP was great. Not a conservative position if you ask me.
Yes, AND TRUMP put his name on these businesses. Unlike the rest who hide behind the name of the business and later claim that they had NOTHING to do with that business failure..anyone come to mind? Like the gold digger Carly?
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