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Started By
Message
Trump's Taj Mahal journey, from successful businessman to honored world leader
Posted on 2/24/20 at 2:02 pm
Posted on 2/24/20 at 2:02 pm
3
Posted on 2/24/20 at 2:39 pm to Parmen
Pretty cool stuff right there.
Posted on 2/24/20 at 2:49 pm to scrooster
dId He BaNkRuPtEd ThAt OnE?
Posted on 2/24/20 at 3:02 pm to Parmen
Every time I see a picture of the Taj Mahal, I think of this scene from Mars Attacks.
This post was edited on 2/24/20 at 3:17 pm
Posted on 2/24/20 at 4:07 pm to Lsuhoohoo
quote:
dId He BaNkRuPtEd ThAt OnE?
not until he gets them to sign the trade deal
Posted on 2/24/20 at 4:28 pm to Parmen
quote:
Trump’s Taj Mahal opened in April 1990 in Atlantic City, but six months later, “defaulted on interest payments to bondholders as his finances went into a tailspin,” The Washington Post’s Robert O’Harrow found.
In July 1991, Trump’s Taj Mahal filed for bankruptcy. He could not keep up with debts on two other Atlantic City casinos, and those two properties declared bankruptcy in 1992. A fourth property, the Plaza Hotel in New York, declared bankruptcy in 1992 after amassing debt.
PolitiFact uncovered two more bankruptcies filed after 1992, totaling six. Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004, after accruing about $1.8 billion in debt.
Trump Entertainment Resorts also declared bankruptcy in 2009, after being hit hard during the 2008 recession.
Washington Post
Successful businessman?
This post was edited on 2/24/20 at 4:32 pm
Posted on 2/24/20 at 4:34 pm to LeClerc
Well just think of him like WD40.
No 39 failures no WD40
No 39 failures no WD40
Posted on 2/24/20 at 4:38 pm to LeClerc
A little context may help:
LINK (long, informative CNN piece on the state of the market in 1992)
VICTIMS OF THE REAL ESTATE CRASH The glut in offices and other commercial properties will keep piling big-dollar pain on financial institutions, taxpayers, savers -- and just about the whole world.
Apparently there was a commercial real estate crash during that time frame that crushed the entire industry.
Did Trump have some bankruptcies then? Sure. Was he the only one? No. Did he survive and continue to build? Yes.
LINK (long, informative CNN piece on the state of the market in 1992)
VICTIMS OF THE REAL ESTATE CRASH The glut in offices and other commercial properties will keep piling big-dollar pain on financial institutions, taxpayers, savers -- and just about the whole world.
Apparently there was a commercial real estate crash during that time frame that crushed the entire industry.
Did Trump have some bankruptcies then? Sure. Was he the only one? No. Did he survive and continue to build? Yes.
Posted on 2/24/20 at 4:45 pm to Jinglebob
Make all the excuses you want but he is a shite businessman. If it weren’t for a corrupt Deutsche Bank constantly bailing his arse out we'd have been rid of him a long time ago.
Posted on 2/24/20 at 4:55 pm to LeClerc
So using the capitalist system to be a capitalist is wrong ? Banks and other financial institutions make a living providing capital and as a risk charge interest . Trump and his investors made a financial commitment with agreements to pay interest . Being that all parties agreed is what matters , nobody builds or starts any business without risk . Since he was able to recapitalize upon bankruptcies should tell you that even the lenders considered it as sound opportunities. Don’t be a complete joke in your thought process
Posted on 2/24/20 at 5:00 pm to LeClerc
(no message)
This post was edited on 2/9/21 at 12:19 am
Posted on 2/24/20 at 5:03 pm to LeClerc
Bless your heart.
Posted on 2/24/20 at 5:06 pm to LeClerc
quote:
Make all the excuses you want but he is a shite businessman.
Whatever you need to tell yourself...but his net worth says otherwise.
Posted on 2/24/20 at 6:44 pm to Lakeboy7
Posted on 2/24/20 at 6:55 pm to LeClerc
Awwww, it’s okay little fella...or whatever your preferred pronoun is.
Posted on 2/24/20 at 6:56 pm to LeClerc
quote:
Wow, a progtard dickriding Ronald Reagan, Abraham Lincoln, and George Washington, at the same time. Leftists gonna Alinsky.
Posted on 2/24/20 at 7:11 pm to LeClerc
quote:
he is a shite businessman
How many buildings in NYC have your name on it?
Having BKs makes you a bad businessman so that means Bill Gates sucks?
Posted on 2/24/20 at 7:13 pm to LeClerc
Yes moron.
You idiots cherry pick negative information and act like you have proved something.
You idiots cherry pick negative information and act like you have proved something.
Posted on 2/24/20 at 7:13 pm to Lakeboy7
quote:
Jack Binion (a guy that could run a casino
He had to sell his interest and was a felon
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