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bronxiteforever

(9,287 posts)
Sun Mar 11, 2018, 12:53 PM Mar 2018

Chris Meloni strikes again against Cheeto


?s=21

He is responding to Trumps advisor
“This is the president’s vision,” said Peter Navarro, Trump’s ascendant trade adviser. “My function, really, as an economist is to try to provide the underlying analytics that confirm his intuition. And his intuition is always right in these matters” bloom.bg/2Fv7yEm

Translation: my job is to provide economic Mumbo jumbo speak to make The Baby King’s whims seem legitimate. It’s called “job security economics”.
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Chris Meloni strikes again against Cheeto (Original Post) bronxiteforever Mar 2018 OP
How many stinking bankruptcies does Dirty Donnie have to his credit? Achilleaze Mar 2018 #1
his bankruptcies were positive for him. dixiegrrrrl Mar 2018 #2
He seems to be on track ... GeorgeGist Mar 2018 #3
all part of Vladimir's plan........ lastlib Mar 2018 #4

Achilleaze

(15,543 posts)
1. How many stinking bankruptcies does Dirty Donnie have to his credit?
Sun Mar 11, 2018, 01:23 PM
Mar 2018

One cannot keep track...


aka republican Draft-Dodger-in-Chief

dixiegrrrrl

(60,010 posts)
2. his bankruptcies were positive for him.
Sun Mar 11, 2018, 02:07 PM
Mar 2018

I have read several good books about him.
His pattern of operation is much like the mob's back in the day.
He bought the casinos, in the sense of using loans, not with his own money. He NEVER uses his own money, he brags.

But he did not pay back the loans. Every time one came due, he got a bigger loan, from another bank if necessary,
which added to the time he had to pay it off.
Instead, he used the money to live on.
(This is exactly what Jared does, btw)

The casinos are a great way to launder money,
Plus he stiffed a lot of his suppliers, forcing them to sue him.

when the banks finally put their foot down on no more loans, he does a bankruptcy, and walks away from the debt.

Same with the hotels/condos.

Which explains why there are so many bankruptcies, more than usual for any business.

The only downside was that he could not get more loans after awhile, the banks refused, except Deutsche Bank, which has twice been caught money laundering.


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