This guy has NEVER been wounded in combat, so that makes him a far better choice as a military leader:
We don't know the details of the terms except that generally Trump lost a significant part of his personal stake in each.
We keep hearing slams against Trump for stiffing his bankers. Here are the details.
No risk, no reward. The guy has hit a lot more home runs than strike outs.
The habitual liars at Polticfax are now “credible” because they say something “conservative” campaign bots what to hear?
Trump's four bankruptcies were Chapter 11 reorganizations (named for its location in federal bankruptcy code), which are designed to restructure businesses without shutting them down completely. The purpose is to "save" the business, as opposed to other forms of bankruptcy which would liquidate the company, said Michael Venditto, a partner at the ReedSmith law firm who has extensive experience with Chapter 11.
In other words, no one was stiffed out of money. Everyone was paid. Trump paid. Despite these business losses, the built an empire worth billions.
Reorganization Chapter 11 is NOT 'Walk Away from Problems Chapter 7'.
I don’t see it as a negative that Trump has experience with Chapter 11 reorganization. This whole country is headed into Chapter 11, so the more experience the better. LOL
By your sources you are know. You want to get in bed with habitual liars, don’t be surprised your reputation picks up fleas.
I am going for Cruz but Trump is right on this one.
He didn’t go to uncle sugar for bailouts like obozo’s crony capitalists like government motors and AIG did, either.
any media person who criticizes a legitimate business owner who puts their money on the line and makes like they could do better should quit their job and prove it.
Politicians who obtain and spend other peoples money would not last 2 minutes if they had to prove they make sound decisions, and never exceed budgets, and always deliver stellar returns on money received.
sound bite’s wont work with The Donald as he will Bite Back...
So Bankruptcy is a sign of a business man with good business judgement?
wow the spin is getting better and better
I’m a Cruz supporter and Trump’s bankruptcies have never bothered me one little bit. Capitalism requires a risk of failure along with a chance of success.
Name me a poker player that has never lost a hand. Sometimes you make bad decisions in business, and sometimes you just can’t win a hand you are dealt.
No big deal.
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.
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.
Cripes. If Cruz should win the nomination, I hope he has a better understanding of the business world than some of his supporters.
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:
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?
Trump was personally responsible for the four bankruptcies since they were his deals. While he was responsible, he was not liable for all the losses.