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Trump Mortgage couldn't make crashing housing market great again
MarketWatch ^
| February 29, 2016
| By Andrea Riquier
Posted on 02/29/2016 11:22:01 AM PST by Oldeconomybuyer
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It's out there.
To: Oldeconomybuyer
In fairness, I’m sure his wasn’t the only one to have similar problems.
2
posted on
02/29/2016 11:27:07 AM PST
by
ScottinVA
(If you're not enraged...why?)
3
posted on
02/29/2016 11:28:00 AM PST
by
DoughtyOne
(Facing Trump nomination inevitability, folks are now openly trying to help Hillary destroy him.)
To: Oldeconomybuyer
I think it's a great time to start a mortgage company," Donald Trump told CNBC.
It was April 2006. Now, that's a man who had his finger on the pulse of the real estate market!
4
posted on
02/29/2016 11:28:12 AM PST
by
zedee
To: zedee
Making disavowing KKK members after a lengthy pause great again!
5
posted on
02/29/2016 11:31:00 AM PST
by
Phinneous
(She-yibaneh beis hamikdash bi-m'heirah v'yameinu v'sein chelkeinu b'sorahsecha.)
To: zedee
Don’t disrespect him, he will sue you.//s
To: Oldeconomybuyer
Recently, as a candidate, Trump has presented himself as a truth teller who sounded an early alarm about the pending mortgage crisis. He told MSNBC last July that he had known the housing market was a bubble that was waiting to explode.
I told a lot of people, Trump said. And I was right. You know, Im pretty good at that stuff. Little things like "the truth" don't seem to matter so much to Mr. Trump, do they?
7
posted on
02/29/2016 11:31:52 AM PST
by
zedee
To: Oldeconomybuyer
making a billion in one year, the year before Schumer collapsed the banking system to elect Obama, is being unsuccessful? what world do these people live in?
8
posted on
02/29/2016 11:33:25 AM PST
by
blueplum
To: Oldeconomybuyer
Another nothing burger story. Thanks :)
9
posted on
02/29/2016 11:37:34 AM PST
by
TheStickman
(If we don't elect a PRO-America president in 2016 we lose the country!)
To: ScottinVA
Most analysts did not expect housing to crash ahead of the actual implosion in 2008, except for the guys in THE BIG SHORT, which is why they made a killing. We should run one of them for President.
10
posted on
02/29/2016 11:40:48 AM PST
by
Argus
To: Oldeconomybuyer
The reason we have most of our economic problems is the government interference in markets. The government got people that could not afford houses to buy then forced banks and investors to pay for the houses. Kicking illegals out will create an rental surplus but making it possible to buy houses will be a wash. If you really want to screw up things use windows8 or the government.
11
posted on
02/29/2016 11:52:34 AM PST
by
mountainlion
(Live well for those that did not make it back.)
To: blueplum
The article says the company did a billion in business. That’s not even close to “making” a billion.
I just audited a firm that did $4.6 million last year. Owner has declared bankruptcy and sold his home.
To: blueplum
“doing about $1 billion in business” is not nearly the same as “making a billion.”
13
posted on
02/29/2016 11:53:39 AM PST
by
zedee
To: Oldeconomybuyer
Trump’s got a poor understanding of basic economics. I lack a degree from the Wharton School of Business, or a degree in anything related, and I still knew that was a dumb move back when he did it. Trump’s also endorsed a lot of dumb Obama moves (including Obamacare), and made other predictions indicating he really doesn’t get stuff like unintended consequences, economic bubbles, or (when it comes to his tariff plan) even basic things like how people respond to rising prices.
Trump has gotten good at spending other people’s money while protecting himself from financial harm, but that’s not the same thing as understanding basic economics. He doesn’t seem to realize that, and I’m afraid a lot of his supporters don’t, either.
14
posted on
02/29/2016 12:04:38 PM PST
by
Amity
To: mountainlion
If you really want to screw up things use windows8 or the government. I don't care who you are, that there's just funny.
15
posted on
02/29/2016 12:33:34 PM PST
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: mountainlion
The reason we have most of our economic problems is the government interference in markets. Yep, unfortunately Trump want a lot more of that.
16
posted on
02/29/2016 12:34:55 PM PST
by
D-fendr
(Deus non alligatur sacramentis sed nos alligamur.)
To: Oldeconomybuyer
Outside the box thinking. Takes reasonable risks. Folds rather than pours good money into bad projects. The way government should be run.
17
posted on
02/29/2016 12:49:37 PM PST
by
jimfree
(In November 2016 my 15 y/o granddaughter will have more quality exec experience than Barack Obama)
To: Argus
BS. I worked for a tiny real estate agency and the owner knew it was a bubble. She talked about it a year before and worked it knowing it couldn’t last.
18
posted on
02/29/2016 12:57:18 PM PST
by
huldah1776
( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
To: Amity
This is the key to his psyche...
“Trump told the New York real estate publication The Real Deal that his employees were responsible. We werent happy with them and we terminated them based on the fact they were not doing what they said they were going to do, he said.
The Trump campaign did not respond to requests for comment.”
Taking responsibility is not a forte.
19
posted on
02/29/2016 12:59:43 PM PST
by
huldah1776
( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
To: huldah1776
Come to think of it. Were they some of the “great people” he knew and will he use the same criteria when president? What is his criteria? Brown nosing?
20
posted on
02/29/2016 1:01:02 PM PST
by
huldah1776
( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
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