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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnyone seen Netflix's "trump, an American Dream" ?
https://www.netflix.com/title/80206395?preventIntent=trueI think it's very well done...mixing real footage and interviews with people who knew and encountered him. Starts with his first Manhattan project. 4 episodes.
The show will fill in a lot of holes and provide details of aspects of his life.
You will actually see the evolution from a somewhat normal entrepreneur to egomaniac. How he really betrayed Ivana and Marla. How he has been lying and hating on the press for a very long time.
Shittiest thing so far...how he lost top casino execs in a helicopter crash and then acted like he almost got on the helicopter with them just to get publicity. And how sad it was that so many casino workers and small businesses got screwed in NJ when he went bankrupt and he didn't care.
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ProfessorGAC
(64,951 posts)Is there any credible explanation in that series as to how someone could lose money running a casino?
I don't know that much about the gambling industry, but it seems like they are practically printing their own money.
How could someone to BKO with a casino?
rickyhall
(4,889 posts)ProfessorGAC
(64,951 posts)The business is a cash cow.
The fact that "it" was involved in a scam is certainly no surprise, but it still makes no sense that borrowing money from one's self in a high cash flow enterprise results in BKO.
rickyhall
(4,889 posts)Trump used to get money by borrowing against his name and NOT paying it back. Once he ran out of legitimate creditors he turned to the Russian Oligarques through Deutsche Bank, allegedly.
ProfessorGAC
(64,951 posts)1. He has even less wealth than i believed, and i always thought his wealth was grossly overstated.
2. The law enforcement officials in NJ had to be either stupid or looking the other way. Because what you're suggesting is illegal.
rickyhall
(4,889 posts)Laura PourMeADrink
(42,770 posts)the fact that he was already over leveraged and was in the middle of building the Taj Mahal when the economy crashed. He spent way too much money on it and there was no way he could support the debt coverage. No one would lend to him. His dad chipped in and he sold other assets but it wasn't enough and he chose bankruptcy instead.
ProfessorGAC
(64,951 posts). . .that "it" knows nothing about economics because EVERYBODY was aware that the recession was coming after 1985 and that by 1989 it was only deepening.
So, a billion dollars on a hotel during a recession, and that's supposed to prove somebody knows business, finance and economics?
What a laugh.
And with all that, how did the cash flow not save other businesses instead of this one going under?
I know, it was all a house of cards, and always has been. But still. . .
Laura PourMeADrink
(42,770 posts)To pay for it.
Think he negotiated with banks on other debt and sold assets. I would guess that this bond debt was likely his highest debt coverage cost.
ProfessorGAC
(64,951 posts)I knew he floated bonds. Didn't realize he suckered people with a such a high interest number.
So, he got out from under by leaving those investors hanging, then.
Somebody to do business with. Or not.
Laura PourMeADrink
(42,770 posts)people looked at him as a genius business man with a Midas touch. Someone said he is the single best self promoter PR agent he had ever known. You will see reporters and media just fawn all over him and the general public fall at his feet.
rickyhall
(4,889 posts)Laura PourMeADrink
(42,770 posts)Lovers into watching it.
allgood33
(1,584 posts)Butina is one of them and she must be scared shitless to be deported back to Russia.,,she got caught.
Response to Laura PourMeADrink (Original post)
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3Hotdogs
(12,358 posts)Every luxurious item he could think of was put into that hotel.
He was so deep in debt that his father sent the lawyer to buy 3 million in chips. I bet those chips were cashed in after he got out of the business. I wonder if they were declared as a liability to whoever he sold his interest in the casino.
ProfessorGAC
(64,951 posts)Remember the story about the piano store guy that ended up with nothing after he paid the suppliers. Well, thing is that the Taj was buying grand pianos (maybe baby grands) with a budget of $3,500 per piano.
I paid $4,800 for my piano in 1990, and it's just a console, not a baby grand. A $3,500 grand is bargain basement stuff.
Dr Hobbitstein
(6,568 posts)Back in the 80s and 90s, pianos were marked up considerably. That's no longer the case (thanks to the internet and the decline of commission sales). A new 5'6" grand will run you about $ 3,500 and up. New uprights are $1,500 and up.
ProfessorGAC
(64,951 posts)That's super different than when i was shopping for one.
I recall even mid-line stuff like Young Chang being 14 or 15k for a 5 and half footer.
Do you think the improvement in sound quality and feel of digital stuff had an impact too?
I've got an 88 key weighted synth with a wonderful 16 bit piano sound (layers, including the hammer thump). I don't use it much since i've got a real piano sitting in the rec room, but if i didn't, not sure i couldn't live without one and just use the digital version.
Dr Hobbitstein
(6,568 posts)You can buy a 24bit sampled weighted key Casio Privia for under $500, and you can carry it under your arm. Sounds just like a piano to the muggles in the crowd.
I sold a guy a 6'5" brand new Young Chang for $5k about 3 years ago.
ProfessorGAC
(64,951 posts)Those prices are stupendously low.
Not that i would have gone baby grand, as i had limited room for my piano. I didn't want it in the living room (neither did my wife), and i already had an old upright, so the space was already there in the rec room.
The old upright was getting bad around the pin block. I tried liquid pin block a couple times to swell the wood tissue, but even that stopped working.
Thing was probably close to 65 years old when i got rid of it. Also, had a small crack in the soundboard. Couldn't hear it yet, but it was only a matter of time.
My digital is quite a lot heavier than that, but i think that's all the weighted key action, more the the synth itself.
Dr Hobbitstein
(6,568 posts)They create the feel of a weighted key, without actual added weight. Basically, a tension spring. They feel incredibly natural. Much nicer than the older stye weighted keys, IMHO.
ProfessorGAC
(64,951 posts)And, iirc, i bought it in 96, or 97. I had that synth, a regular action 76 key, and 3 MIDI tone modules in a rack.
The tine idea to simulate escapement is what Steinway did with their old practice keyboards all the way back in the 70's. Maybe earlier.
Perhaps the patents all expired and everyone just went to a design that worked, even for the demands of classical players.
elocs
(22,562 posts)I would say 'man' but although he is a male he is not a 'man'.
Laura PourMeADrink
(42,770 posts)He is a sociopath and valueless.
dlk
(11,537 posts)It was no secret Trump is a self-absorbed criminal with no conscience. Yet, millions of Americans gave him a pass and allowed themselves to be duped by him anyway. It only goes to show how deeply rooted misogyny runs in our country and how few are actually willing to see it and address it.
Roland99
(53,342 posts)