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Trump and His Debts: a Narrow Escape
The Wall Street Journal ^ | Jan 4, 2016 | Peter Grant and Alexandra Berzon

Posted on 01/13/2016 5:43:11 PM PST by dschapin

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Reading this article I was appalled by the number of dirty tricks that Trump pulled to cheat other investors out of their money. Please read the whole article and look at all the tricks Trump pulled to hurt the people he was doing business with if it would make him a few bucks.
1 posted on 01/13/2016 5:43:11 PM PST by dschapin
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To: dschapin
dschapin - another one of The Usual Suspects...

Yew gots The Tee Dee Ess bad, boy...

2 posted on 01/13/2016 5:44:53 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: dschapin

I’ll be GREAT when he starts doing that to other countries, particularly China and Mexico!


3 posted on 01/13/2016 5:45:38 PM PST by BobL (Who cares? He's going to build a wall and stop this invasion.)
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To: dschapin

Trump can work the system for sure, the question is if he can work it for US.


4 posted on 01/13/2016 5:46:02 PM PST by GraceG (Protect the Border from Illegal Aliens, Don't Protect Illegal Alien Boarders...)
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To: dschapin

Vegas? All bets are OFF!


5 posted on 01/13/2016 5:49:13 PM PST by Paladin2
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To: dschapin

Check out the business dealings of Harry Reid, The Kennedy Family,The Clintons and many others.Its a rough business environment at times but these folks make Trump look like a piker

Trump is not running to be a saint like Obama was ( Obama failed miserably at sainthood.) Trump is running for the presidency of the USA.

And Trump is tough enough and bright enough to do a great job.In fact Trump is brilliant.


6 posted on 01/13/2016 5:49:46 PM PST by Candor7 ( Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
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To: Paladin2

Vegas is the base of operations for Dingy....


7 posted on 01/13/2016 5:49:51 PM PST by Paladin2
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To: dschapin

Wall Street Journal = The Establishment Journal

More desperation.....


8 posted on 01/13/2016 5:50:15 PM PST by Enlightened1
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To: dschapin

Thanks for posting. The article also shows how Trump rolled personal debt into these bankruptcies.


9 posted on 01/13/2016 5:50:53 PM PST by Hoodat (Article 4, Section 4)
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To: dschapin

No wall, no future.


10 posted on 01/13/2016 5:51:06 PM PST by The Toll
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To: GraceG
Trump can work the system for sure, the question is if he can work it for US.

History tells us the politicians sure can't do it.....I'm a gambling man, what is there to lose?

11 posted on 01/13/2016 5:51:13 PM PST by Las Vegas Ron ("Medicine is the keystone in the arch of Socialism" Vladimir Lenin)
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To: GraceG

yep, he can. He’s the only one with the cajones to do id.


12 posted on 01/13/2016 5:52:37 PM PST by tillacum
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To: dschapin

Luck or Did Trump just kick the bankers’ asses?


13 posted on 01/13/2016 5:55:00 PM PST by stocksthatgoup (How many bills has Ted Cruz passed in the Senate? 1)
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To: Hoodat

Yeah, I saw that in the article. That Trump had a significant amount of personal debt (around 110 million) involved in the bankruptcies. That is interesting because I am fairly certain that Trump made a big point in one of the debates that none of the bankruptcies involved his personal debt.


14 posted on 01/13/2016 5:55:03 PM PST by dschapin
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To: dschapin

And reading your posts, your comments are typical.

From the comments on WSJ:
“No doubt, Trump can screw over the best, but do we want that type of President?”

“Uhmmm...Yeah!” so sayeth Vendome...


15 posted on 01/13/2016 5:55:51 PM PST by Vendome (Don't take life so seriously-you won't live through it anyway - "Enjoy Yourself" ala Louis Prima)
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To: dschapin

I know, and you had Trump as a “close #1” but now you just can’t bring yourself to vote for him as this is the “final straw”. Transparent....


16 posted on 01/13/2016 5:55:56 PM PST by ripnbang ("An armed man is a citizen, an unarmed man a subject")
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To: Las Vegas Ron

[ History tells us the politicians sure can’t do it.....I’m a gambling man, what is there to lose? ]

I think Trump will either fix a lot of things or he will Burn everything, at this point either option is preferable to just “Fading Away”.


17 posted on 01/13/2016 5:56:54 PM PST by GraceG (Protect the Border from Illegal Aliens, Don't Protect Illegal Alien Boarders...)
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To: stocksthatgoup

Basically he destroyed the publically traded company that was in the process of building the Taj Majal in order to gain control of casino. Here is that story from the article.

“... After gaining control of two casinos through deals that loaded them with debt, he turned in 1987 to the Taj Mahal, a megaproject being built by publicly traded Resorts International Inc.

Mr. Trump bought a class of shares that gave him just a slice of Resorts’ equity, but voting control. From that perch, he pushed through a service contract that would have the company pay him $108 million over five years. He told casino regulators the company could raise the cash needed to finish its casino only by assuring lenders Mr. Trump would remain involved, which this contract did.

Upon news that funding was uncertain, Resorts’ stock plunged. Mr. Trump then told investors the only way to finish the Taj Mahal was for him to buy Resorts at just above its reduced share price. Construction lenders, he said, were put off in part by the high cost of his service contract.

Mr. Trump then cut a deal with another bidder for Resorts, accepted $60 million to terminate his service contract, and in 1988 ended up with the half-finished Taj Mahal casino. It issued $675 million of bonds to complete construction.”


18 posted on 01/13/2016 5:59:09 PM PST by dschapin
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To: GraceG

Yes, the question I have is 1) will he be negotiating for himself and against us, or 2) Will he be negotiating for himself *(and us) against the US Government/Regulator-class tyrants?


19 posted on 01/13/2016 6:00:03 PM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: ripnbang

No, I have never been a big Trump fan. I don’t trust him.


20 posted on 01/13/2016 6:00:09 PM PST by dschapin
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