General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTomorrow will be fucking GLORIOUS!!!! He's fucking BROKE!!!
Sleep well tonight DU!
Enjoy
(This is related to The NY Times story of his taxes)
exboyfil
(17,863 posts)those purchases the last few years before entering the White House?
bluecollar2
(3,622 posts)ProfessorGAC
(65,042 posts)He's been floating debt for 40+ years.
Response to ProfessorGAC (Reply #24)
vapor2 This message was self-deleted by its author.
ProfessorGAC
(65,042 posts)Thanks for adding in.
onetexan
(13,041 posts)hmm where are those illusive billions? more like in the red hundreds of millions under
ProfessorGAC
(65,042 posts)Except it wasn't.
The Moody's reports showed the asset value to be overstated by 20%.
When he first announced he claimed 10.2 in assets, 5.4 in debt.
With the pandemic driven devaluation of commercial real estate values, the assets are probably down another 19 or 12% and there is at least 1.3 billion in undeclared debt.
This genius turned $390 million into, at most, 700 million, or 80% gain over 30 years.
At best, it's a 2% ROIC over 30 years. A thirty year period where the major indices averaged over 10%.
He is, at best, a horrible financier. At worst, he's broke.
cilla4progress
(24,731 posts)let him get away with it.
I think that's the bigger story.
Alacritous Crier
(3,816 posts)bdamomma
(63,849 posts)his puppet by the balls. If tRump has any.
ihas2stinkyfeet
(1,400 posts)patphil
(6,176 posts)NCjack
(10,279 posts)paleotn
(17,913 posts)Not outside the realm of possibilities, but I think we have a new Deep Throat.
dlk
(11,566 posts)Lasher
(27,597 posts)Might be why Deutsche is the only bank in the world dumb enough to loan money to him.
dlk
(11,566 posts)Midnight Writer
(21,765 posts)paleotn
(17,913 posts)When comparing his debts to the market value of his assets, he's probably bankrupt. Being kept alive by refinancing debt endlessly and infusions of cash from his "investors", which is really just more debt he owes. He blew all of dad's cash and is in hock up to his orange eyeballs and beyond. Of course, some of his debtors collect with tea spiked with radioactive isotopes. And we thought loan sharks were tough.
If I were a regulator, I'd want to know why a financial institution was willing to extend hundreds of millions in additional debt to a business that's practically bankrupt. I'm sure that financial institutions shareholders would like to know too. Deutche Bank has a ton more explaining to do.
tblue37
(65,356 posts)superpatriotman
(6,249 posts)Graft. Money laundering. Shell companies. Fraud.
MaryMagdaline
(6,854 posts)Hes exposed for the broke a fraud he is.
babylonsister
(171,065 posts)not in a good way.
Response to NightWatcher (Original post)
mucifer This message was self-deleted by its author.
Iliyah
(25,111 posts)probably broke also. shithole runs businesses to the ground. Shithole has spent 1 billion dollars from his campaign, on what?????
Now he is using taxpayers money to campaign on, but alas, the republican congress ignores it.
dalton99a
(81,486 posts)Mr.Bill
(24,291 posts)Sogo
(4,986 posts)where that 1/2 trillion dollars went that was the business bailout money from the CARES Act.
There's no doubt in my mind that he pocketed a huge amount of that....
Wellstone ruled
(34,661 posts)in the neighborhood of 50 mill total a week ago. BTW,in return,Adelson ends up with the Ambassador's House in Israel. Not to shabby eh.
BlueWavePsych
(2,635 posts)Tom Traubert
(117 posts)Trump is going to get shellacked. Biden is going to make his personal tax returns front and center and at least imply that hes a tax cheat if he doesnt say it explicitly.
Rorey
(8,445 posts)Like maybe he'll have to go to get another emergency physical.
Person Woman Man Camera TV
sprinkleeninow
(20,247 posts)'
Mr.Bill
(24,291 posts)because it's not on the list of debate topics. This could very well be the last debate, though.
Tom Traubert
(117 posts)from providing a completely non-responsive answer that addresses a question that hasnt actually been asked?
Biden should hijack the first question and start his response by citing intervening facts that suggest criminal conduct by a sitting President and merit a response and further inquiry. Trump will respond fake news, and Biden should be prepared to pounce. It theater, and th epublic will be expecting it.
Mr.Bill
(24,291 posts)will steer the conversation back to the topic. Sure, you can get a jab or two in there, but I would rather see it presented as a separate and specific topic. Such as "The personal finances of the two candidates" or something like that.
Answering a question with a non-answer that tries to change the topic is not Biden's style. Nor should it be. Let's leave that to the Trumps and Palins of the political world.
rufus dog
(8,419 posts)If Fox doesn't bring this up then it is straight up malpractice. (Regardless Joe will anyway)
From a CBS News story on the debates. Seems to be relevant to Topic 1 doesn't it?
Format: The commission said that this debate will be "divided into six segments of approximately 15 minutes each." Wallace has chosen six topics, subject to change:
The Trump and Biden Records
The Supreme Court
COVID-19
The Economy
Race and Violence in our Cities
The Integrity of the Election
https://www.cbsnews.com/news/presidential-debate-2020-schedule-joe-biden-donald-trump/
Capperdan
(492 posts)It only happens in blue states
peggysue2
(10,828 posts)Turns out Don the Con was better at pretending to be a successful businessman than actually being one. Liar, liar, pant on fire. Again!
Hahahahaha!
pandr32
(11,583 posts)Buckeyeblue
(5,499 posts)Just as we always suspected.
keithbvadu2
(36,804 posts)cwydro
(51,308 posts)I'll wait and see.
kimbutgar
(21,148 posts)Blue Owl
(50,373 posts)Is how the headline should read...
safeinOhio
(32,677 posts)All roads lead to Putin. I think she was correct.
yaesu
(8,020 posts)what isn't known is how much fraud is involved and we know that will be major.
ProfessorGAC
(65,042 posts)If he doesn't, he's no longer even slightly a journalist.
yaesu
(8,020 posts)Rorey
(8,445 posts)Mr.Bill
(24,291 posts)and hand them to him.
GopherGal
(2,008 posts)The Ivanka aspect of the implied likely tax fraud may blunt the "Hunter" weapon somewhat.
bucolic_frolic
(43,161 posts)Do we know much about his dad's financial empire?
Sloumeau
(2,657 posts)NightWatcher
(39,343 posts)cause he a broke ass trump
QED
(2,747 posts)Or will he just slither away?
gibraltar72
(7,504 posts)George II
(67,782 posts)Deducting $84,000 to Ivanka's hair stylist as "consulting fees"?
Rorey
(8,445 posts)If he was human enough to have pets, he would have listed them as dependents.
George II
(67,782 posts)Dependents?
not fooled
(5,801 posts)deduct his dressage horses' expenses? Claims they are "business promotion."
moonscape
(4,673 posts)had to pay basedon the mess she made.
BlueJac
(7,838 posts)Darwin2019
(217 posts)Illumination
(2,458 posts)sarisataka
(18,654 posts)Monday
duforsure
(11,885 posts)Bank fraud insurance fraud, money laundering, and bribes , and kickbacks , and payoffs for policies, and embezzling money from the government, and more. Bet trumps sister isn't going to sleep well tonight. I also think Nancy has some things left to expose trump with too, involving him and putin? Bankruptcy looming for trump ?
NightWatcher
(39,343 posts)Rorey
(8,445 posts)TONIGHT.
Delmette2.0
(4,165 posts)You know, equal justice for all.
Rorey
(8,445 posts)Then we wouldn't have to look at them anymore, and we'd also have the knowledge and satisfaction that wherever they end up, they'd be living in shame.
Nobody would want them. They won't be welcome anywhere. Even Putin will no longer have use for them.
Aristus
(66,363 posts)tclambert
(11,086 posts)They'd both have missing toes before lunchtime.
Mr.Bill
(24,291 posts)I sure wouldn't.
moonscape
(4,673 posts)a costume holding one of those big signs on a street corner: "Haircuts for $9"
You know, an honest real job.
tblue37
(65,356 posts)TheDemsshouldhireme
(172 posts)we tax payers can also pay the salary of her hair stylist.
Response to NightWatcher (Original post)
Warpy This message was self-deleted by its author.
BlueWavePsych
(2,635 posts)appleannie1
(5,067 posts)And all those secret discussions were probably begging for more money and the dejection after the last meeting was possibly because Putin said "no". You owe me now.
Illumination
(2,458 posts)amuse bouche
(3,657 posts)unitedwethrive
(1,997 posts)And they count the silverware.
crickets
(25,980 posts)TruckFump
(5,812 posts)I bet he is SCREAMING mad over this disclosure.
LMAO!!!!!! No one deserves being embarrassed more than the Orange Asshole.