Posted on 03/06/2016 12:30:24 PM PST by Hostage
I looked into Trump University. It was active in the earlier 2000s when a housing boom and then bubble were in full swing. Nearly every person that paid for the training rated it highly and many made a lot of money in real estate.
But in 2008, many people lost money. In 2008, there was a massive real estate collapse due to a once-in-a-century banking collapse.
Is Donald Trump responsible for the real estate collapse of the late 2000s? Of course not. Is he then responsible for people losing money? No.
Greedy lawyers filed for a class action. They certified from the enrollment lists of Trump U a total of 30,000. That does not mean in the least that 30,000 persons think they were scammed by Trump U. Very few think they were scammed.
What it means is that these lawyers (whose backgrounds are found to be unethical) had cheaply printed on small cards a mailer to 30,000 recipients stating that a class action had been filed against Trump U. Such cards always state that the recipient has a chance to opt out in case they wish to pursue their own lawsuit. In almost every such filing, more than 90% throw away the card and so they are opted in by default. And in every one of these cases, the litigants collect very very little while the lawyers take away millions.
The case has dragged on for many many years which indicates that plaintiffs are filing continuances because they can’t get the case together, they are trying to pad their billing or they are hoping to harass their way to a settlement.
That the media would bring the plaintiff’s side of the case to the spotlight to have it tried in public is disgusting. As far as I can tell they have not brought any of the defendant’s facts of the case to the public, only the plaintiffs (who are for all intents and purposes the lawyers). This is beyond disgusting, it is a lynching.
I heard Donald Trump on a video clip say in the debate that it would be very easy for him to settle the case out but he does not choose to because the case is not strong on the plaintiff’s side. But that didn’t stop Fox News from trying to damage Trump with pending litigation.
It would be like having news media report an old nuisance case on you and try and convict you in public without giving you due process. I don’t think you would be happy to see that happen and I’d bet you wouldn’t be able to hold yourself together as well as Donald did in the debate.
Until there is a court ruling, this case means absolutely nothing. We don’t rule against someone before a ruling is made and that is what was attempted here by Megyn Kelly. She is disgusting.
‘Sounds to me’ sounds like something the greedy class action plaintiffs lawyers would love to see you hear (and read).
What you say is true and probably is a factor into why the class action plaintiff lawyers are having a tough time making something stick (because seminar participants made money and are still benefitting).
I agree it is a big nothing.
The reason it merits its own thread is to leave a record of Megan Kelly’s smear tactics.
I wonder why a billionaire developer would get in to thus sort of late night a TV informercial type stuff.
Like that guy on the boat with women in bikinis, Tom Vu.
http://www.youtube.com/watch?v=jYqDS9i8zJw
:-)
It’s always easy to buy a book and attempt to teach oneself. But not all people think that way, they prefer real live interaction, Q&A, and connections to get started.
Why would my opinion make any difference on the judge or jury? I’m sure they are warned against reading articles and online opinions about the case.
Leverage.
Though they may deny it, some Judges are indeed influenced by public opinion.
Yep, sometimes it’s better to buy a $5.00 book (the updated $50.00 version and $200.00 tapes) and a $1500.00 teacher. That’s what they tell new meat, I mean, business owners, at Amway. Gotta spend money (on me) to make money (for me)!
I never subscribe to such seminars and I also look down on them in general. But they are not illegal and they are not always scams.
Whether the seminars were in good taste or not is not the issue. The issue is the continuing yellow journalism.
If you’re interested in real scams by politicians, look no further than Barack Obama’s and Al Gore’s Man-Made Global Warming now conveniently labeled Climate Change.
I think we are in for an even bigger one that will make 2008 failure look like a blip. Hope I'm wrong.
Donald J. Trump @realDonaldTrump
Fraud lightweight Marco made a TV ad on TrumpU featuring 2 people who signed these letters:
http://www.98percentapproval.com/uploads/Kevin_Scott_Survey.pdf
http://www.98percentapproval.com/uploads/Bob_Guillo_Survey.pdf
9:32 AM - 6 Mar 2016
http://www.98percentapproval.com/
Hope you’re wrong too.
The point being that not many (in the building industry) saw the banking collapse coming.
Many saw a 30% haircut in valuations and leveraged accordingly, but a full-scale banking collapse?
The banks near completely withdrew from lending for new construction or remodels. The carnage was greater than ever in history for the building industry.
The banks were and are largely still the market makers although I see some financing entities have smartened up and created independent financing sources.
I am without a clear sense of what will happen should Donald Trump (or any republican) be elected this November. Many sense (as do I at times) that the markets will tumble and the banks will go Greek as you suggest.
On the other hand Trump has impressed me via some old CSPAN clips of his testifying before congressional subcommittees that he is a master of masters in all things business and commercial including banking, insurance, taxes, regulatory, trade, negotiation, valuation, leveraging/deleveraging, currency. I can’t imagine a better person at the helm than him at this time in history.
I like Cruz but believe his time has not yet come.
Do you know how many people actually took the course? I’ve been looking around and can’t find a number. If there were a million course-takers and 5,000 of them joined the class action lawsuit, then the 98% satisfaction rate isn’t too very far out of line.
But if the 10,000 surveys they have over at that website represent all the course takers and 5,000 of them have decided to join the class action lawsuit, then the 98% is just a fabrication.
Any idea where I can get the actual number of paying students?
Thank you dynoman. And to hawkaw, dynoman has linked a document dated to May 2011:
http://www.98percentapproval.com/uploads/A_rating.pdf
which shows the name change to “The Trump Entrepreneur Initiative” and an A-rating. So Donald once again told the truth in that the rating was elevated from D- to A.
One thing I have admired Donald Trump for, and in fact, all of his family, is their principle of telling the truth. I have verified their truth-telling trait countless times even though when I started to research Donald Trump last summer I was thinking he was a liar and a fraud (even I can be misled at times a priori by media mischaracterizations).
The class was certified at about 30,000 but that does not mean all 30,000 are contesting. More than 90% of class litigants usually throw the opt-out card mailer in the trash and are opted in by default without ever knowing until they receive an update on the case. And usually, litigants receive very very little while the class action plaintiff lawyers walk away with millions. That’s the way it is.
This is a nuisance lawsuit.
The fraudulent business practices investigations pre-date the campaign by years. Did they do all that just to prepare for this moment?
So under normal circumstances, 30,000 mailers would have resulted in 27,000 litigants? Why would this case have resulted in so few? I mean, they have only 5,000 folks in the lawsuit, don't they?
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