Hi I am Leah
Feb 19, 2016 13:06:29 #
vernon wrote:
trump hasent stolen anything.
Looks like he bilked investors: He was loaned money and didn't have to pay it back, that's stealing where I come from. Status Quo for you though?
Bankruptcy 1: The Trump Taj Mahal, 1991
The first bankruptcy associated with Trump was perhaps the most significant in terms of his personal finances, according to news reports at the time. He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, which opened in 1990. By 1991, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities, so the business decided to file for Chapter 11 reorganization, according to the New York Times. As a result, Trump gave up half his personal stake in the casino and sold his yacht and airline, according to the Washington Post.
Bankruptcy 2: Trump Plaza Hotel, 1992
Trump acquired the Plaza Hotel in New York for $390 million in 1988. By 1992, the hotel had accumulated $550 million in debt. As a result of the bankruptcy, in exchange for easier terms on which to pay off the debts, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotels CEO, but it was merely a gesture -- he didnt earn a salary and had no say in the hotels day-to-day operations, according to the New York Times.
Bankruptcy 3: Trump Hotels and Casinos Resorts, 2004
Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004 when his casinos -- including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City and a riverboat casino in Indiana -- had accrued an estimated $1.8 billion in debt, according to the Associated Press. Trump agreed to reduce his share in the company from 47 to 27 percent in a restructuring plan, but he was still the companys largest single shareholder and remained in charge of its operations. Trump told the Associated Press at the time that the company represented less than 1 percent of his net worth.
Bankruptcy 4: Trump Entertainment Resorts, 2009
Trump Entertainment Resorts -- formerly Trump Hotels and Casinos Resorts -- was hit hard by the 2008 economic recession and missed a $53.1 million bond interest payment in December 2008, according to ABC News. After debating with the companys board of directors, Trump resigned as the companys chairman and had his corporate stake in the company reduced to 10 percent. The company continued to use Trumps name in licensing.
Feb 19, 2016 16:32:57 #
Dummy Boy wrote:
Looks like he bilked investors: He was loaned mon... (show quote)
so at least he didnt try to get a gov. bailout.and if you were in las vegas about 2009 you know there were a lot of bankruptcies at that time.but it was worse in atlantic city.
Feb 21, 2016 07:26:31 #
vernon wrote:
so at least he didnt try to get a gov. bailout.and if you were in las vegas about 2009 you know there were a lot of bankruptcies at that time.but it was worse in atlantic city.
...but he did, he used the law, to escape prison. Ultimately, the banks got a bailout for his bad behaviour.
What do you do if someone owes you money? Oh, that's right you're for Louisiana, a criminal political enterprise if there ever was one.
Feb 21, 2016 09:13:07 #
Dummy Boy wrote:
...but he did, he used the law, to escape prison. Ultimately, the banks got a bailout for his bad behaviour.
What do you do if someone owes you money? Oh, that's right you're for Louisiana, a criminal political enterprise if there ever was one.
What do you do if someone owes you money? Oh, that's right you're for Louisiana, a criminal political enterprise if there ever was one.
for a guy from michigan i dont think you have any room to put down on any other state.
Feb 21, 2016 10:48:59 #
vernon wrote:
for a guy from michigan i dont think you have any room to put down on any other state.
Oh, hit a nerve did I, how much did Hurricane Sandy cost the US: $75 Billion....and counting.....you've NO ROOM to talk. Guess what, Detroit's bankruptcy hasn't cost you anything to date-it is still being sorted out.
If you can't talk someone who lives in a guaranteed floodplain into moving somewhere else, knowing year after year that it will flood, what are going to talk them into....
Feb 21, 2016 11:13:15 #
Dummy Boy wrote:
Oh, hit a nerve did I, how much did Hurricane Sandy cost the US: $75 Billion....and counting.....you've NO ROOM to talk. Guess what, Detroit's bankruptcy hasn't cost you anything to date-it is still being sorted out.
If you can't talk someone who lives in a guaranteed floodplain into moving somewhere else, knowing year after year that it will flood, what are going to talk them into....
If you can't talk someone who lives in a guaranteed floodplain into moving somewhere else, knowing year after year that it will flood, what are going to talk them into....
well i see you are getting nastier and i dont care to get invloved .
Feb 21, 2016 16:53:20 #
vernon wrote:
well i see you are getting nastier and i dont care to get invloved .
Because I'm right????, don't bring Q-tips to a gunfight.
Feb 21, 2016 17:50:17 #
Dummy Boy wrote:
Because I'm right????, don't bring Q-tips to a gunfight.
the only thing right about you is that forking tin hat on your n****r head.
Feb 21, 2016 17:52:36 #
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